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Which of the following is/are not true?

Which of the following is/are not true?

Which of the following is/are not true?


I. If credit standards are made more stringent, sales are likely to decrease and less amount of money will be locked up in receivables.

II. If credit period is lengthened, sales are likely to increase but bad debt losses are likely to decrease. 


III. If cash discount is increased, discount paid is likely to increase and amount of receivable is likely to reduce.

[A]Only (II) above
[B]Only (III) above
[C]Both (I) and (II) above
[D]Both (II) and (III) above

Roshan kumar 01-Jan-2018

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