Financial Accounting MCQs

The firm incurs ____ cost when the customer failed to pay the amount to it on the expiry of credit period

April 25, 2022

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The firm incurs ____ cost when the customer failed to pay the amount to it on the expiry of credit period

Q. The firm incurs ____ cost when the customer failed to pay the amount to it on the expiry of credit period.

A. Administrative cost

B. Credit administrative

C. Delinquency

D. Opportunity cost

Answer: Delinquency

The firm incurs ____ cost when the customer failed to pay the amount to it on the expiry of credit period

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