When Writing a Collection Letter, You Should Avoid

question 8

Multiple Choice

When writing a collection letter, you should avoid:

• A) stating the amount owed.
• B) stating the date by which you expect payment.
• C) making statements on which you cannot follow through.
• D) asking for the money owed within a specified time.

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Definitions:

Account Titles

Names given to various accounts used in accounting to classify and organize financial transactions.

Trial Balance

A bookkeeping worksheet listing the balance of all ledgers for checking the balance of debits and credits, serving as a preliminary step to financial statements preparation.

Recording Process

The systematic procedure of capturing financial transactions in accounting records.