Amounts due from customers when goods are sold on credit are called _____________.

Related MCQs

• The credit policy of Spurling Products is "1.5/10, net 35." At present 30% of the customers take the discount, 62% pay within the net period, and the rest pay within 45 days of invoice. What would receivables be if all customers took the cash discount?
• Relaxed or libral credit implies -credit to customers
• A firm has inventory turnover of 6 and cost of goods sold is 7,50,000. With better inventory management, the inventory turnover is increased to 10. This would result in:
• Cost of goods sold is Rs. 8000 and gross margin is Rs. 5000 then revenue will be
• Gross margin is added to cost of sold goods for calculating
• ______ Means the basic criteria for the extension of credit to customers
• In a __________ transaction the goods are let on hire the purchase price is to be paid in installment and hirer is allowed an option to purchase the goods by paying all the installment
• A process through which loans and other receivables are underwritten and sold in a form of asset is known as:
• Foreign bonds, are foreign currency bonds and sold at the country of that currency and are subject to the restrictions as placed by that country on the -------------------
• If cash discount is offered to customers, then which of the following would increase?