The credit control system ensures that the monthly limit isn't exceeded. For large sum we take legal steps to recover the money. Your department looks after this. The management accounting is concerned with supplying information to management. They wouldn't accept other payment terms this time.
Most banks require companies to submit financial statements before they extend credit.
We need a detailed financial report before Friday. CPA refers to the accountants who have passed a qualifying licensing examination. All rights reserved. Powered by Intel.