Increases in accounts receivable and accounts payable that accompany sales increases are called spontaneously generated funds.

Name: Increases in accounts receivable and accounts payable that accompany sales increases are called spontaneously generated funds.
Brand: Quizplus
Rating: 4.9 (38 reviews)

Question

Quizplus · Accepted Answer

Spontaneously generated funds refer to the increase in accounts receivable and accounts payable that come about as a result of increases in sales, without any additional financing.

Increases in Accounts Receivable and Accounts Payable That Accompany Sales