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Pkg Acc Infor Systems MS VISIO CD

10th Edition
Ulric J. Gelinas
Publisher: CENGAGE L
ISBN: 9781133935940
BuyFind

Pkg Acc Infor Systems MS VISIO CD

10th Edition
Ulric J. Gelinas
Publisher: CENGAGE L
ISBN: 9781133935940

Solutions

Chapter
Section
Chapter 11, Problem 1RQ
Textbook Problem

What is the billing/accounts receivable/cash receipts (B/AR/CR) process?

Expert Solution
Summary Introduction

To explain: The billing/accounts receivable/cash receipts (B/AR/CR) process.

B/AR/CR process: It is an accounting process with an interacting structure of different process supporting the decision-making activities of the financial managers.

Explanation of Solution

The billing/accounts receivable/cash receipts (B/AR/CR) process:

It is an interrelating structure of different elements including the people, control plans to handle the following activities. They are:

  • The repeating work activities of the credit department, accounts receivable, and the cashier.
  • Supports the decision-making of the financial managers.
  • It assists in preparing the internal and external reports.

The B/AR/CR process finishes the order-to-cash process by:

  • Billing customers.
  • Management of customer accounts.
  • Securing and recording the payment of goods or services sold.

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Chapter 11 Solutions

Pkg Acc Infor Systems MS VISIO CD
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