Which one of the following is the process of determining the creditworthiness of customers?
A)customer invoicing
B)account aging
C)credit analysis
D)collection policy
E)credit terms

Question

Quizplus · Accepted Answer

Credit analysis is the process of assessing the creditworthiness of a customer or borrower by evaluating their ability to repay a loan or credit. This includes analyzing their credit history, income, financial statements, and other relevant factors. Customer invoicing refers to the process of generating and sending invoices to customers, while account aging is the process of tracking how long an invoice remains unpaid. Collection policy refers to the rules and procedures a company has in place for collecting past-due payments, while credit terms refer to the payment conditions agreed upon between the company and its customers.

Which One of the Following Is the Process of Determining