What effect can selling on credit have on your business?
A) Reduce assets
B) Decrease accounts payable
C) Delay cash inflows
D) Reduce liabilities
E) Increase inventory

Name: What effect can selling on credit have on your business? A) Reduce assets B) Decrease accounts payable C) Delay cash inflows D) Reduce liabilities E) Increase inventory
Brand: Quizplus
Rating: 4.9 (41 reviews)

Question

Quizplus · Accepted Answer

Selling on credit can delay cash inflows because the business does not receive cash immediately from the sale, as the payment is deferred to a later date.

What Effect Can Selling on Credit Have on Your Business