OM6 ONLINE-LMS INTEGRATED ACCESS
6th Edition
ISBN: 9781337118323
Author: Collier
Publisher: CENGAGE L
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Chapter 7, Problem 11PA
Summary Introduction
Interpretation:The average no. of account receivable needs to be determined based on the information given in question.
Concept introduction:Trade receivables are the amount owing to the company for goods sold on credit and the payment has not yet be made by them. Trade receivable are the current assets as the amount is realizable within one year.
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