Company ___________ Are the Procedures Followed to Collect Accounts Receivable

question 198

Multiple Choice

Company ___________ are the procedures followed to collect accounts receivable when they come due.

• A) collection policies
• B) credit analyses
• C) credit policies
• D) credit scorings

Understand the effect of financial transactions on the accounting equation.

Prepare and adjust a trial balance.

Perform horizontal analysis of income statements.

Understand and classify increases and decreases in various types of accounts.

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Definitions:

Customer Service

Services and recommendations given by a firm to purchasers or users of its products or services.

Ease of Doing Business

The amount of effort required on the part of a customer when dealing with a firm.

Consumption Availability

The ease with which consumers can obtain and use a product or service, influenced by factors like location, supply chain efficiency, and inventory levels.

Timeliness

The ability of a company to deliver a good or service by the time a customer expects to have it available for sale or consumption.