8 What is the single most important indicator used to identify impaired accounts receivable? Select one: a. the customer’s payment history b. the age of the accounts c. credit reports and references d. industry in which the company operates

8 What is the single most important indicator used to identify impaired accounts receivable? Select one: a. the customer’s payment history b. the age of the accounts c. credit reports and references d. industry in which the company operates

Pkg Acc Infor Systems MS VISIO CD

10th Edition

ISBN:9781133935940

Author:Ulric J. Gelinas

Publisher:Ulric J. Gelinas

Chapter11: The Billing/accounts Receivable/cash receipts (b/ar/cr) Process

Section: Chapter Questions

Problem 4DQ

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Question

What is the single most important indicator used to identify impaired accounts receivable?

Select one:

a. the customer’s payment history

b. the age of the accounts

c. credit reports and references

d. industry in which the company operates

Definition Definition Money that the business will be receiving from its clients who have utilized the credit provided to buy its goods and services. The credit period typically lasts for a short term, lasting from a few days, a few months, to a year.

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