credit management as an essential component of financial
management explain?
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
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
hii,i was appeared in recruitment process of Catholic Syrian Bank.Interview question were general banking related... as what is crr,calling rate, current inflationrate etc
i m a student of icwai i have just passed out my foundation and i wanna no if i should go for both intermediate group together or not....
Name the Accounting Concepts
after payment of interest of a loan account by using credit note voucher in tally 9........don't anyone thinks that we have to adjust the cash account by passing cr entry on journal for interest payment...
what is the meaning of Processing Vendor/Employee payments
Where the Cost of labour, Material used and sales scrap (if sales given)get effect in balance sheet
why funds management doc is generated during migo and miro
What is invoice accounting rules?
Short Answer on ________Ad-Valorem Duties
Short Answer on ______________Import Trade
hi to all i have also cleared sbi exam and my interview is on 26th may 2009.can any one help to prepare for interview
what is the main difference between nse & bse operations
what is a reducing balance method and depreciation fund investment method and 2 diffrences?
Entrance Exam question & Answer required
Which entry we pass self entry like cash withdraw for ourself