Separate accounts receivable information for each customer is important because it reveals all of the following except:
A)How much each customer has purchased on credit.
B)How much each customer has paid.
C)How much each customer still owes.
D)The basis for sending bills to customers.
E)When the customer intends to pay outstanding balances.

Question

Quizplus · Accepted Answer

Separate accounts receivable information does not reveal when the customer intends to pay outstanding balances; it only shows past transactions and current balances.

Separate Accounts Receivable Information for Each Customer Is Important Because