- This topic has 4 replies, 3 voices, and was last updated 8 years ago by
John Moffat.
John Moffat.-
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jemma242
- Topics: 81
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what does ‘domestic accounts’ actually mean?
many thanks
neilsolaris
- Topics: 59
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I take it to mean the accounts in the country where the business belongs (i.e. the opposite of foreign accounts). But I could well be wrong.
John Moffat
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‘Domestic accounts’ is not a standard expression.
Domestic means belonging to the home country. As to domestic accounts, it depends on the context of the question.
jemma242
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A question I did basically said that candidates although asked to explain managing receivables by domestic accounts some explained factoring and invoice discounting…. so I was just wandering whether it was a term used for standard in house management ie. For managing receivables -Producing statements, credit checking customers, issuing final demands etc ….. so it is not a standard term?
John Moffat
- Topics: 57
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It simply means managing receivables in their own country (as opposed to how to manage receivables for sales to foreign countries)
jemma242
neilsolaris
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