Multiple Choice
Which one of the following is the correct sequence of events related to the cash flows from a credit sale?
A) Customer mails cheques; The bank credits the firm's account; Credit sale is made; Firm deposits cheque in bank.
B) Credit sale is made; Customer mails cheques; The bank credits the firm's account; Firm deposits cheque in bank.
C) The bank credits the firm's account; Credit sale is made; Firm deposits cheque in bank; Customer mails cheques.
D) Credit sale is made; Customer mails cheques; Firm deposits cheque in bank; The bank credits the firm's account.
E) Credit sale is made; The bank credits the firm's account; Customer mails cheques; Firm deposits cheque in bank.
Correct Answer:
Verified
Correct Answer:
Verified
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