Looking for the answer to the question below related to Financial Management?

If the closing balance of receivables is less than the opening balance for a month then which one is true out of

 Options:

A. Collections>Current Purchases
B. Collections>Current Sales
C. Collections<Current Purchases
D. Collections < Current Sales

 

The Correct Answer Is:

  • B. Collections>Current Sales

 

Conclusion

I hope you got the answer to your question.

Leave a Reply

Your email address will not be published. Required fields are marked *