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Hello Sir,
Can you please explain is there any difference between the following two requirements1.Identify and discuss the factors to be considered in formulating a trade receivables management policy for
ZSE Co. ( J/10)2.Identify and explain the key areas of account receivable management ( pilot paper Ulnad co )
I mean the only difference is that 1 should be explained in the context of the company ZSE ?
Thanks in advanceThere is a difference, although credit would be given to many similar points.
To try and explain, one of the ‘key areas’ is deciding how long a period of credit to give to customers, and checking that customers are paying on time.
A ‘factor to be considered’ for this would be what credit terms are competitors offering to their customers.
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