How does a business try to rectify a poor payment culture? Question 14Answer ...

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Accounting

How does a business try to rectify a poor payment culture?
Question 14Answer
a.
Send reminders to defaulting debtors.
b.
Charge interest to non compliant debtors accounts
c.
When the debtor procures funds, they will pay.
d.
Hand over accounts for collection
e.
Start the litigation process.

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