Margaret has just sold merchandise to a small beauty salon and has given the salon 45 days to pay the invoice. She is at the beginning of the

Name: Margaret has just sold merchandise to a small beauty salon and has given the salon 45 days to pay the invoice. She is at the beginning of the
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The life cycle of accounts receivable begins when a sale is made on credit and ends when the payment is received. Margaret has just made a sale on credit, starting this cycle.

Margaret Has Just Sold Merchandise to a Small Beauty Salon