a Briefly explain the nature and content of the report that businesses prepare to determine debtors with

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a Briefly explain the nature and content of the report that businesses prepare to determine debtors with overdue amounts.

b Once overdue accounts receivable amounts have been determined, what action should the business take to facilitate prompt collection of the amounts overdue?

c How does a business’s credit department account to management for its actions relating to overdue accounts receivable balances?

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