Question: Prepayments occur when: Multiple Choice Customers are unable to pay the full amount due when goods are delivered. Cash payment ( or an obligation to

Prepayments occur when:
Multiple Choice
Customers are unable to pay the full amount due when goods are delivered.
Cash payment (or an obligation to pay cash) occurs before the cost is used in running the business.
Sales are delayed pending credit approval.
Cash payment occurs after the cost is used in running the company and liability is recorded.
Prepayments occur when: Multiple Choice Customers are unable to pay the

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