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Accounting (Text Only)

26th Edition
Carl Warren + 2 others
ISBN: 9781285743615

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BuyFindarrow_forward

Accounting (Text Only)

26th Edition
Carl Warren + 2 others
ISBN: 9781285743615
Textbook Problem
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How would e-commerce improve the revenue/collection cycle?

To determine

E-Commerce:

E-Commerce is the commercial transaction (buying and selling) of a business conducted electronically on the internet. In the e-commerce, the transactions are between a company and a consumer, it is termed as B2C (business-to-consumer), and the transactions are between two companies, it is termed as B2B (business-to-business).

To discuss: The improvement of the revenue/collection cycle through e-commerce.

Explanation

E-commerce helps the business to conduct the commercial transactions directly with customers. In the e-commerce, the business can be directly received an order from the custom...

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