To collect on the accounts receivable due to the firm,a firm can:
A) send a delinquency letter of past due status to the customer.
B) make personal contact by telephone.
C) employ a collection agency.
D) take legal action against the customer as necessary.
E) All of

Question

Quizplus · Accepted Answer

All of the given options are viable choices for a firm to collect on their accounts receivable. However, the best approach would be to first send a delinquency letter and make personal contact with the customer by phone. If these attempts are unsuccessful, the firm can proceed to employ a collection agency or take legal action if necessary. It is important for the firm to maintain good communication with the customer and try to resolve the issue before taking more drastic measures.

To Collect on the Accounts Receivable Due to the Firm,a