A significant difference between a cash sales business process and a cash-received-on-account business process is that
A) no previous customer account balance exists in a cash sales business process.
B) the float is shorter in a cash-received-on-account business process.
C) more direct supervision is required in a cash-received-on-account business process.
D) There is no significant difference between the two business processes.

Question

Quizplus · Accepted Answer

In a cash sales business process, the customer pays in full at the time of purchase, so there is no previous account balance. In a cash-received-on-account business process, the customer has an existing account balance and is making a payment towards it.

A Significant Difference Between a Cash Sales Business Process and a Cash-Received-On-Account