Which one of the following is not a method used by companies to accelerate cash receipts? Offering discounts for early payment A

Question

deff fn [24]

3 years ago

14

Which one of the following is not a method used by companies to accelerate cash receipts? Offering discounts for early payment A

ccepting national credit cards for customer purchases Writing off receivables Selling receivables to a factor

Business

1 answer:

sesenic [268] · Answer 1 · 2021-12-05T05:54:05+03:00

Answer:

Writing off receivables

Explanation:.

Receivables represent the amount of money that the company can collect from its debtors. Writing of receivables means that the company is not able to collect its debt, and therefore will consider them as bad debt or uncollectible debt for tax purposes.