What is credit monitoring How can each of the following techniques be used to monitor accounts receivable What are their attributes a Average collection period b Aging of accounts receivable c Payment pattern monitoring ...

Credit monitoring involves the ongoing review of a firms accounts receivab ...

What is credit monitoring? How can each of the following techniques be used to monitor accounts receivable?

Question:

What is credit monitoring? How can each of the following techniques be used to monitor What are their attributes?
a. Average collection period
b. Aging of Payment-pattern monitoring
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...