Service related companies will primarily use which account for customer sales? A. Accounts Receivable B. Accounts Payable C. Cash

Which of the following formulas shows how to calculate Exposure?

A. Accounts Payable / Total Sales

B. Total Sales / Accounts Receivable

C. A specific customer's debt / Total Accounts Receivable

D. Total Sales / Accounts Payable

The purchase of goods and services by a customer who will pay Net-15 creates which of the following accounts?

A. Inventory

B. Accounts Payable

C. Accounts Receivable

D. Cash

A(n) __________ organizes your customers in a more specific way to tell exactly how much each one owes your business.

A. Subsidiary Accounts Payable Ledger

B. Accounts Payable General Ledger

C. Subsidiary Accounts Receivable Ledger

D. Accounts Receivable General Ledger