If your accounts receivable period is 30 days,you will collect payment for your ________ sales during the second quarter of a calendar year.
A)December,January,and February
B)January,February,and March
C)February and March
D)February,March,and April
E)March,April and May

Question

Quizplus · Accepted Answer

The second quarter of a calendar year includes April, May, and June. With an accounts receivable period of 30 days, you would collect payment for sales made in March, April, and May during the second quarter.

If Your Accounts Receivable Period Is 30 Days,you Will Collect