College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter9: Sales And Purchases
Section: Chapter Questions
Problem 11DQ
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Question
DEFINE credit policy
Expert Solution
Step 1
Credit policy is the set of policies governing a company’s credit sales, outstanding amounts; customer’s billing cycle and the procedure of recovery of outstanding credits.
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