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Sagot :
If all sales are made on account, the only piece of information you would need to calculate the cash received from customers during the period is the net change in accounts receivable.
It is False.
Information available from the question,
In the question:
If all sales are made on account, the only piece of information you would need to calculate the cash received from customers during the period is the net change in accounts receivable.
The answer in TRUE/FALSE
Now, According to the question:
Accounting for cash transactions:
Daily cash sheet: If cash transactions are a significant part of your business, you should also prepare a daily cash sheet to reconcile your cash received and paid out for the day. If you use a daily cash sheet, you can reconcile your cash receipts with your daily deposit into your bank account.
So, The given statement is False.
Learn more about Accounts at:
https://brainly.com/question/14643061
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