Explain why: 1. A business would sell on credit. 2. A credit policy is necessary and what

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Explain why:

1. A business would sell on credit.

2. A credit policy is necessary and what such a policy entails.

3. An allowance for bad debts must be created.

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Fundamental Accounting

ISBN: 9781485112112

7th Edition

Authors: David Flynn, Carolina Koornhof, Ronald Arendse, Anna C. E. Coetzee, Edwardo Muriro, Louise Christel Posthumus, Louise Mancy Smit

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Question Posted: Aug 30, 2023 03:45 AM

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Explain why: 1. A business would sell on credit. 2. A credit policy is necessary and what

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Businesses often choose to sell on credit for several strategic reasons Competitive Advantage Offering credit terms can make a business more competitive in the market Customers may prefer to buy from ...View the full answer

Fundamental Accounting

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