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Home Interview Accounting and Finance Comments

  • Question
  • What are the components or materials used by Accounts receivable departments?


  • Correct Answer
  • Accounts Receivable department is very important department of the company The responsbilities of the department is approval of credit limit to the customer study the past history of customer credit sending invoices to the customer updation of the customer credit data factoring contacts with the factoring agents follow up of customers motivating the customers to pay the dues intime and communicating the information to the management Credit sales data estimation of credit sales for the future period request for funds to finance department whenever they required follow up of customers receivables management 


  • Accounting and Finance problems


    Search Results


    • 1. Describe account receivable?
    • Discuss
    • 2. The primary purpose of life insurance is to provide

    • Options
    • A. Safe investment avenue
    • B. financial protection to surviving dependents after the death of an insured
    • C. Tax rebates
    • D. Wealth accumulation
    • Discuss
    • 3. Which tax is paid to a third party?

    • Options
    • A. Indirect
    • B. Income
    • C. Flat
    • D. Direct
    • Discuss
    • 4. Standard deviation measures which type of risk?

    • Options
    • A. Non diversifiable
    • B. Economic
    • C. Systematic
    • D. Total
    • Discuss
    • 5. What do you understand by Intercompany Settlement ?
    • Discuss
    • 6. Explain What is the difference between debenture holders and creditors?
    • Discuss
    • 7. What is reconciliation?
    • Discuss
    • 8. What do you mean by Credit Management under AR in Professional field?
    • Discuss
    • 9. What is factoring?
    • Discuss
    • 10. Explain What is Customer Master record?
    • Discuss


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