Multiple Choice
Which of these is NOT a recommended policy for managing accounts receivable?
A) Maintaining constant "aging" of customers to quickly identify the ones who may become delinquent.
B) Using your bank as a lock box for the receipt of payments.
C) Enforcing significant late fees and interest on past due accounts.
D) Discontinuing credit sales to customers who become significantly late in paying.
Correct Answer:
Verified
Correct Answer:
Verified
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