3 Questions
True or false: If the increase in accounts receivable is lower than the increase in credit sales, it means the company was able to collect more from its receivables.
False
True or false: A higher increase in credit sales indicates that the company was able to collect more from its receivables.
True
True or false: A lower increase in credit sales means the company was not able to collect as much from its receivables.
False
Test your knowledge on accounts receivable and credit sales with this quiz. Learn about the impact of increases in accounts receivable and credit sales on a company's ability to collect funds. Determine whether a lower increase in accounts receivable compared to credit sales is favorable or not.
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