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What are the ...

Question

What are the basic Functions of Credit and Collection?

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Solution

The basic Function of Credit and Collection policy is credit management. Credit Management can be defined as a function performed within a company to improve and control credit policies, maintaining the lowest levels of receivables, balancing risks and achieving sales objectives.

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Q. Answer the following questions:

1. “Central Bank of the country has the monopoly of note issue.” Explain.
2. How does a Central Bank (for example RBI) transfer funds from one place to another? Illustrate.
3. Explain the Data Collection and Publicity functions of the Central Bank.
4. What are the various measures of quantitative credit control?
5. What are the various measures of qualitative credit control?

What are the functions of the collecting duct?

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Q. Credit and collection cost is an item of __________.

The _________ is useful in evaluating credit and collection policies.

Q. __________ are those debtors from where collection of money is not possible and amount given as a credit is certain loss.

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