To collect on the accounts receivable due to the firm,a firm can do all the following except:
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)forcibly remove property from the buyer's premises.

Question

Quizplus · Accepted Answer

Forcibly removing property from the buyer's premises is not a legitimate way to collect on accounts receivable and can result in legal consequences for the firm. All other options listed (sending a delinquency letter, making personal contact, employing a collection agency, and taking legal action) are common and legal ways for a firm to collect on accounts receivable.

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