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It is assumed that a company's is very concerned about late payment by its credit...

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Question

Accounting

It is assumed that a company's is very concerned about late payment by its credit customer (Account Receivable). The Credit Manager has however identified that there are many reasons for late payment by credit customers.

Requirement:

(a) Identify any 5 reasons for late payment.

(b) Explain in details any 4 reason mention in Part (a) above & what steps maybe taken by the Credit Manager to resolve the problems,

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