The period of time that extends from the day a credit sale is made until the day the bank credits a firm's account with the payment for that sale is known as the _____ period.
A)float
B)cash collection
C)sales
D)accounts receivable
E)discount

Question

Quizplus · Accepted Answer

The accounts receivable period is the time between when a credit sale is made and when the payment is received and credited to the firm's account.

The Period of Time That Extends from the Day a Credit