Companies sometimes convert receivables to cash before they are due by selling them or using them as security for a loan. The reasons that a company may convert receivables before their due date include:

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10-03-2022
Business

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Companies sometimes convert receivables to cash before they are due by selling them or using them as security for a loan. The reasons that a company may convert receivables before their due date include:

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abiolataiwo2015 abiolataiwo2015 · Answer 1 · 2022-03-22T12:28:51+01:00

The reasons that a company may convert receivables before their due date include: To reduce risk of nonpayment and to quickly generate cash.

What is account receivable?

Account receivable can be defined as the money or cash a company is yet to receive for selling goods and services to their customers or vendors.

The reason why companies tend to convert their receivable into cash is to decrease the risk of nonpayment by the customers owing them as well as to quickly generate revenue.

Inconclusion company may convert receivables before their due date include: To reduce risk of nonpayment and to quickly generate cash.

Learn more about account receivable here: https://brainly.com/question/24848903