Delaying the payment of accounts payable in order to improve cash management is known as ________.
A) ACH transfers
B) stretching payables
C) credit scoring
D) lockbox system

Question

Quizplus · Accepted Answer

Stretching payables refers to delaying payment of accounts payable in order to improve cash management. ACH transfers are a type of electronic funds transfer, credit scoring is a method of evaluating creditworthiness, and a lockbox system is a service offered by banks to expedite check processing.

Delaying the Payment of Accounts Payable in Order to Improve