Paper Contents
Abstract
For effective management of credit, the firm should lay down clear cut guidelines and procedures for granting credit to individual customers and collecting individual accounts. The firm need not follow the policy of treating all customers equal for the purpose of extending credit. Each case may be fully examined before offering any credit terms. Similarly, collection procedure will differ from customer to customer. With the permanent, but temporarily defaulting customers, the firm may not be very strict in following the collecting procedures.
Copyright
Copyright © 2023 Dr. MADDILETI. K. This is an open access article distributed under the Creative Commons Attribution License.
Paper ID:
IJPREMS30800006484
ISSN:
2321-9653
Publisher:
ijprems