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

Question

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Separate accounts receivable information for each customer reveals how much the customer has purchased on credit, how much they have paid, and how much they still owe, as well as the basis for sending bills to customers. However, it does not necessarily reveal when the customer intends to pay outstanding balances, as this information may vary from customer to customer and may not be known until payment is actually received.

Separate Accounts Receivable Information for Each Customer Is Important Because