Company ________ are the procedures followed to collect accounts receivable when they come due.
A) collection policies
B) credit scorings
C) credit policies
D) credit analyses

Question

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Collection policies are the specific procedures that dictate how a company will attempt to collect payment from customers who have outstanding balances. Credit scoring involves assessing the creditworthiness of potential borrowers, while credit policies refer to the guidelines a company follows when extending credit to customers. Credit analyses involve evaluating a borrower's financial history and creditworthiness before approving a loan or line of credit.

Company ________ Are the Procedures Followed to Collect Accounts Receivable