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credit management as an essential component of financial
management explain?
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Answer / prasad deshmukh
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 ? | 7 Yes | 5 No |
Answer / 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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