Which one of the following occurs during the accounts receivable period but NOT during the cash collection period?

Question

Quizplus · Accepted Answer

During the accounts receivable period, the sale has already occurred but the payment has not been received yet. During the cash collection period, the payment is being processed. Option A and E are related to the cash collection period, as they deal with the movement of a customer's cheque. Option C is also related to the cash collection period, as it deals with the firm's available balance. Option D is related to the credit-granting process and is not relevant to either the accounts receivable period or the cash collection period. Therefore, the correct answer is B.

Which One of the Following Occurs During the Accounts Receivable