A company's ________ are the procedures followed to collect accounts receivable when they come due.
A) collection policies
B) credit scorings
C) credit policies
D) credit analysis

Question

Quizplus · Accepted Answer

Collection policies are specifically designed to address the process of collecting accounts receivable when they are due. Credit policies refer to the guidelines a company follows when evaluating a customer's creditworthiness. Credit scoring is a method of evaluating a customer's credit risk. Credit analysis is the process of assessing the creditworthiness of potential customers.

A Company's ________ Are the Procedures Followed to Collect Accounts