Cash payments received before product is completed or delivered is called:

Name: Cash payments received before product is completed or delivered is called:
Brand: Quizplus
Rating: 4.8 (53 reviews)

Question

Quizplus · Accepted Answer

Deposits and progress payments refer to cash payments received by a company before the product or service is completed or delivered. These payments are often used to fund expenses related to the production or delivery of the product. Options A, B, and D are not correct definitions of cash payments received before product delivery.

Cash Payments Received Before Product Is Completed or Delivered Is