By selling on credit, companies run the risk of not collecting some receivables.
举一反三
- A business must write off an irrecoverable debt of $3,000.What is the journal entry to record this in the nominal ledger? A: Debit Trade receivables $3 ,000; Credit Sales $3,000 B: Debit Sales $3,000; Credit Trade receivables $3 ,000 C: Debit Irrecoverable debt expense $3,000; Credit Trade receivables $3,000 D: Debit Trade receivables $3,000; Credit Sales $3,000
- credit risk ______
- 信用风险(credit risk)
- The main businesses of insurance companies include (). A: selling policy, gain premium B: pay compensation C: expert financial management, pooled investment D: credit investigation, credit management E: managing business for people, managing money for people
- Which of the following does not bear on the quality of receivables? A: shortening the credit terms B: lengthening the credit terms C: right of return privilege D: all of the answers bear on the quality of receivables