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credit management as an essential component of financial
management explain?
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Answer Posted / ma10kumar
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
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