Which of the following duties should NOT be performed by a credit department?
A)Monitoring customer payment records.
B)Reviewing applicant's income and credit history.
C)Evaluating customers who apply for credit.
D)Handling cash receipts.

Question

Quizplus · Accepted Answer

Handling cash receipts should not be performed by the credit department. This duty should be handled by the accounting or finance department, as they are responsible for the management of cash and financial transactions. The credit department's main function is to assess and evaluate credit risk in customers and manage credit policies within the company.

Which of the Following Duties Should NOT Be Performed by a Credit