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- an entity who does not pay at the time of a transaction as a results of credit sales is known as"In accounts receivable management, credit analysis is the process of determining the probability that customers will not pay."Accounts receivable arise from credit sales to customers by both retailers and wholesalers. True or false?
- Credit sales are recorded by crediting an account receivable for specific customer. True or false?1. Which of the following is the primary reason why a company sells it receivables to another entity? a) to improve the quality of its credit granting process b) to comply with customer agreements c) to limit its legal ability d) to accelerate access to amount collectedWhich of the following accounts is not a contra-revenue? Group of answer choices A)Sales discounts B)Credit card discounts C)Sales returns and allowances D)Allowance for doubtful accounts E)All the above are contra-revenues
- A credit memo states the amount of a sales allowance or return True FalseCan a credit entry be described as a generally positive or negative transaction? Explain.For what reasons is it a wise policy to keep credit appraisal and sanctioning from the work out function? Explain clearly, in points. No plagiarism.
