Question
Why is accounts payable projected using an assumption based on cost of sales? Select the best answer. Cost of sales typically has payment terms It
Why is accounts payable projected using an assumption based on cost of sales? Select the best answer.
Cost of sales typically has payment terms
It is an accounting rule under IFRS
It is a practice mandated by financial institutions
Accounts payable is part of working capital
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Core Concepts Of Accounting Information Systems
Authors: Mark G. Simkin, Carolyn A. Strand Norman, Scott Paquette
1st Canadian Edition
1118738101, 978-1118738108
