Days sales outstanding (DSO) can be used to determine how long it takes, on average,...

90.2K

Verified Solution

Question

Accounting

Days sales outstanding (DSO) can be used to determine how long it takes, on average, to collect payment after a sale is made. The DSO can be compared with the firm's credit terms to get an idea of whether customers are paying on time. True or False

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students