The most common components of cash receipts are
A) accrual collections, cash sales, and interest income.
B) dividend income, cash sales, and accounts payable.
C) cash sales, receivable collections, and miscellaneous receipts.
D) retained earnings, dividends, and cash sales.

Question

Quizplus · Accepted Answer

Cash receipts typically consist of sales revenue collected in cash, receivable collections (payments from customers who had previously purchased on credit), and miscellaneous receipts such as interest income or refunds. Accrual collections, dividend income, accounts payable, retained earnings, and dividends are not typically classified as cash receipts.

The Most Common Components of Cash Receipts Are