Types of collection remedies
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What are the types of collection remedies and when are they applicable? Explain your answer.
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What are the types of collection remedies and when they are applicable? Explain your answer.
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Collection remedies are part of Account receivable management. Investors- both stockholders and bank loan officers should pay close attention to account receivable management. When sale is on credit, the firm will not receive the cash from the sale unless and until the account is collected. Collection policy is the important variable of credit policy. It is measured by its toughness or laxity in attempting to collect on slow paying accounts. The collection ...
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