Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 14 - No. 26)
Which of the following actions is NOT a characteristic of a good credit control system?
Performing credit checks.
Setting credit limits for each customer.
Offering discounts for early payment.
Ignoring legal actions to recover debts.
Explanation
Ignoring legal actions to recover debts is NOT a good credit control practice. Good credit control involves taking actions to recover debts, including legal action.
Comments (0)
