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Collection Policy Refers to The

Question 18

Multiple Choice

Collection policy refers to the:


A) process of determining which customers will be granted credit.
B) process of determining the probability that customers will not pay.
C) set of guidelines used by a firm to determine the cost of offering credit to its customers.
D) daily process of handling cash inflows and outflows of cash.
E) set of procedures a firm follows in collecting accounts receivable.

Correct Answer:

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