aliensbrain
  • Home
  • Study
  • Quizzes
  • 🎤AI Practicefree
  • Notebooks
  • Community
  • Sign in
  • Financial Reporting and Regulatory Framework
  • They might use accounting data to help them to decide on ...
Multiple choice

They might use accounting data to help them to decide on what credit limit to set

  1. Customers

  2. Suppliers

  3. Competitors

  4. Management

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Suppliers often review a business's financial data to assess its liquidity and creditworthiness. This helps them decide whether to extend credit and what limits to set.

Keep practicing — related questions

  • They want to see the analysis of revenues and income that is useful when plans are being made
  • They use accounting information when collecting staistical information
  • Credit limit is proportional to the credit class of the customer
  • The customer who has acquired goods on credit basis and owes money to the business, is called a
  • Business data in a sales document in taken from the master data records for the different business partners...
  • These will ensure that the company can repay their debts on time including any interest
  • A question and some statements are given below it. You have to decide whether the data provided in the stat...
  • A question and some statements are given below it. You have to decide whether the data provided in the stat...
Play the full quiz 🎤 Practise this topic out loud

Practice this topic

  • Accounting Principles and Practices (2416 questions)
Advertisement
© Aliensbrain | all rights reserved
  • About
  • Contact
  • Terms and Condition
  • Privacy Policy