Module 9: Accounts Receivable
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4 Terms
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Why do companies sell on credit?
To allow customers to buy now and pay later.
2
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What is a negative effect of offering credit?
It increases expenses if cash is not received soon enough
3
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What happens when a business goes bankrupt?
A trustee takes over and sells assets to pay debts.
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How are accounts receivable (AR) listed on the balance sheet?
At the amount expected to be repaid.
Note 
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