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 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
credit management as an essential component of financial 
management explain?
 Question Submitted By :: Zubairafzal
I also faced this Question!!     Rank Answer Posted By  
 
  Re: credit management as an essential component of financial management explain?
Answer
# 1
credit management is one of the most important policy for 
the organisation. which can be helpful for fund management 
as well as reduction of cost of capital of the company. By 
generally internal capital.
 
Is This Answer Correct ?    6 Yes 5 No
Prasad Deshmukh
 
  Re: credit management as an essential component of financial management explain?
Answer
# 2
Credit Management is an essential component of Financial 
Management. The reason is Delayed payment of credit will 
damage the goodwill of the organization among creditors. In 
the extreme end, improper credit management may affect the 
liquidity of the organization and may result in closure of 
its businesses. Therefore, proper credit management should 
be ensured by the finance team and management.

- Ma10kumar, Chennai
 
Is This Answer Correct ?    0 Yes 0 No
Ma10kumar
 
 
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
Answered but misspelled pl correct ADMINISTRATIVE OVERHEADS -GROSS PROFIT=(ANS.SSOL)  1
From the following data calculate (i) P/V Ratio (ii) Profit when sales are Rs.20,000 and (iii) the new Break-Even Point, if the selling price is reduced by 20% Fixed expenses Rs. 4,000 Break-Even-Pont Rs. 10,000  2
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Mr. A purchased a car worth of rupees 2,00,000 on cash than what would be the entry TATA10
 
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