What clauses should always feature in a trade receivables


Question: Which two of the following clauses should always feature in a trade receivables policy? Solution A.Raise customer invoices without delay. B.Set the same fixed credit limit for all customers. C.Charge penalties and interest on any late payment. D.Offer the same number of days of credit to every customer. E.Review the accounts receivable aging report.

 

 

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Accounting Basics: What clauses should always feature in a trade receivables
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