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Objective of Credit Control is to make proper channel to execute customers order from Production to invoicing and ends with collection of payment bearing in mind the achievement of the customers satisfaction as among the output.
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What is the internal control procedure for the credit sales?
Usually, the internal control procedure for credit sales is a credit check by the seller. Other methods used for control include an aging of accounts receivable. Returning customers are judged on their ability to pay by how fast they paid in previous transactions.
What jobs are involved in credit control?
Jobs such as senior finance advisers, full and part-qualified accountants, tax and treasury workers, public services workers and cover credit controllers (trainee and part time also) jobs are involved in credit control.
What are the top three business credit bureaus?
The top three business credit bureaus are Dun & Bradstreet, Business Experian and Business Equifax. These credit bureaus control 99% of the credit bureau market.
What does cc mean in reg cc for banking?
It means Credit Control
What is a cw2 code on a credit card?
The cw2 on a credit card is the CONTROL NUMBER. It is a 3 digit number usually in the back of the card.
What are the objective of cost of capital?
objective of the cost of capital is to exercise control over the cost
Aim and objective of industrial pollution control?
objectives of pollution control?
What is an in-house ad agency's objective?
Their objective is to create the companies advert without the business involvement given full control. Their objective is to create the companies advert without the business involvement given full control. Their objective is to create the companies advert without the business involvement given full control.
Selective credit control?
pappu can't dance sala.............. is selective credit control.
What are the function of credit control department?
The functions of the credit control department include the effective and efficient control and collection of all income and debt management.
What are the objectives of credit control by central banks?
The central bank makes efforts to control the expansion or contraction of credit in order to keep it at the required level with a view to achieving the following ends. 1. To save Gold Reserves: The central bank adopts various measures of credit control to safe guard the gold reserves against internal and external drains. 2. To achieve stability in the Price level: Frequently changes in prices adversely affect the economy. Inflationary and deflationary trends need to be prevented. This can be achieved by adopting a judicious of credit control. 3. To achieve stability in the Foreign Exchange Rate: Another objective of credit control is to achieve the stability of foreign exchange rate. If the foreign exchange rate is stabilized, it indicates the stable economic conditions of the country. 4. To meet Business Needs: According to Burgess, one of the important objectives of credit control is the "Adjustment of the volume of credit to the volume of Business" credit is needed to meet the requirements of trade an industry. So by controlling credit central bank can meet the requirements of business.
Role of organisation mission goals and objective in strategic control?
go to
What is the major objective of physical education?
coordination, strength, agility
What is credit control policy of rbi?
control of supply and demand of the money.
What are the objective of an auditor?
auditors analyze,investigate and control all the companies transactions..
What was the first objective identified by COSO's Internal Control?
Reliability of financial reporting.
What was the third objective identified by COSO's Internal Control?
Effectiveness and efficiency of operations.
