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If the Accounts Receivable Balance Decreases During the Accounting Period

Question 54

Multiple Choice

If the accounts receivable balance decreases during the accounting period, this means that:


A) more cash was collected than the amount of credit sales that were made.
B) less cash was collected than the amount of credit sales that were made.
C) it does not affect the cash balance.
D) revenue is higher than cash collected.

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