The Objective of the Accounts Receivable Phase in the Revenue

Multiple Choice

The objective of the accounts receivable phase in the revenue cycle is to:

A) Ensure payments for goods and services are received on time and in correct amount.
B) Ensure payments for goods and services are correctly received,recorded and banked.
C) Ensure the accounts payable record is updated accordingly when payments for goods and services are received.
D) Ensure that payments for goods and services are made to the correct suppliers.