Which one of the following occurs during the accounts receivable period but NOT during the cash collection period?
A) The time it takes for a customer's cheque to move through the mail.
B) The time between the occurrence of a sale and the mailing of the payment by the customer.
C) The time it takes for a bank deposit to be added to the firm's available balance.
D) The time it takes for a firm to analyze a new customer to determine if credit will be granted.
E) The time needed for a firm to deposit a customer's cheque.
Correct Answer:
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