Ask Question
20 July, 16:44

If the accounts receivable turnover for the current year has decreased when compared with the ratio for the preceding year, there has been an acceleration in the collection of receivables.

True / False.

+1
Answers (1)
  1. 20 July, 17:10
    0
    False

    Explanation:

    If the receivable turnover for the current year has reduced when compared with the ratio of the preceding year and that has an acceleration of the receivable is false if the form has a ratio of twp then the subsequent receipt of a 60-day trial will cause the ratio to get discounted. This means that the company is seeing more of the delinquent clients.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “If the accounts receivable turnover for the current year has decreased when compared with the ratio for the preceding year, there has been ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers