Multiple Choice
Which of the following is NOT true regarding cash collections from customers?
A) Most companies have a time lag between earning the revenue and collecting the cash.
B) Collections from customers are the single most important source of cash for any business.
C) A company's collections from customers can be computed by analyzing their Accounts Receivable account.
D) Cash collections from customers will be a debit to Accounts Receivable account.
Correct Answer:
Verified
Correct Answer:
Verified
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