Accounts receivable are amounts owed by customers for goods and services purchased on credit. Effective management of accounts receivable involves establishing clear credit policies and collecting payments on time to ensure cash flow. Inventory includes all the items a company has available for sale, and proper management through techniques like tracking costs and demand can help a business maintain optimal inventory levels.
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MANAGEMENT OF ACCOUNT RECEIVABLES AND INVENTORIES.pptx
#7: Credit Policy is the policy that pertains sa pagpapautang sa mga goods and services, including yung mga standards na kinoconsider and procedures na ginagawa before tayo magpautang sa kapwa entity natin or sa customers.
It is generally covers the following variables:
Credit Standard (read) dito sa credit standard, meron tayong sineset na standard kung sino ang ating pauutangin. So there is qualifications.
Credit Terms it refers to the period or hanggang kalian ang utang
Collection Policy