The first step in the collection of overdue accounts is
A) a letter.
B) contacting a collection agency.
C) a personal visit.
D) legal actions.

Question

Quizplus · Accepted Answer

The first step in the collection of overdue accounts is typically sending a letter to the debtor requesting payment. This is a less confrontational approach than contacting a collection agency or making a personal visit, and may be more effective in getting the debtor to take action. Legal actions are usually a last resort and are only taken after other collection methods have been exhausted.

The First Step in the Collection of Overdue Accounts Is