Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 11 - No. 13)
Which of the following actions can a business take to mitigate the risk of debts becoming irrecoverable?
Implementing credit checks.
Offering discounts to customers.
Legal action against customers.
Selling goods on credit.
Explanation
Credit checks and legal action helps to reduce the risk of irrecoverable debts.
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