_________Policy refers to the procedure follow to collect accounts receivable after the expiry of the credit period

Related MCQs

• If the following are balance sheet changes: Rs. 5,005 decrease in accounts receivable Rs. 7,000 decrease in cash Rs. 12,012 decrease in notes payable Rs. 10,001 increase in accounts payable a "use" of funds would be the:
• Kanji Company had sales last year of Rs. 265 million, including cash sales of Rs. 25 million. If its average collection period was 36 days, its ending accounts receivable balance is closest to . (Assume a 365-day year.)
• 80% of sales of 10,00,000 of a firm are on credit. It has a Receivable Turnover of 8. What is the Average collection period (360 days a year) and Average Debtors of the firm?
• A company should follow the policy of ----- gear during deflation or depression period
• A company should follow the policy of ----- gear during inflation or boom period
• The credit policy of Spurling Products is "1.5/10, net 35." At present 30% of the customers take the discount, 62% pay within the net period, and the rest pay within 45 days of invoice. What would receivables be if all customers took the cash discount?
• If a company sells its receivable to another party to raise funds, it is known as
• Find the present value of Rs. 1,000 receivable 6 years hence if the rate of discount is 10 percent.
• An increase in the firm's receivable turnover ratio means that:
• Relaxed or libral credit implies -credit to customers