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Exit VCEDump CIMA-F1 F1 - Financial Reporting

Q22 Multiple choice

Select THREE actions that should be taken by a business offering credit to its customers to ensure that amounts owing are collected as quickly as possible.

Select all that apply.

A
Chase up slow payers with reminder letters.
B
Monitor outstanding trade receivables.
C
Extend the credit terms available to customers.
D
Issue invoices quickly.
E
Monitor outstanding trade payables.
F
Take longer to settle trade payables than collect trade receivables.

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