Accurate and timely _____ are essential for making decisions concerning the extension of credit.They also help produce accurate billing of customers,and thus help to maintain good customer relations.
A) payroll records
B) leasehold records
C) accounts payable records
D) accounts receivable records

Question

Quizplus · Accepted Answer

Accounts receivable records provide information about the company's outstanding invoices and how much is owed by customers. This is essential for making decisions about extending credit to new customers or for monitoring the creditworthiness of existing customers. Accurate and timely accounts receivable records also help with billing customers and maintaining good customer relations. Payroll records, leasehold records, and accounts payable records are important for other aspects of financial management, but they are not directly related to extending credit or managing customer relations.

Accurate and Timely _____ Are Essential for Making Decisions Concerning