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The following practices will impact the cash flow of the company: 1 - Sales personnel are unequivocally responsible for collecting their credit sales. 2 -
The following practices will impact the cash flow of the company:
1 - Sales personnel are unequivocally responsible for collecting their credit sales.
2 - Sales commissions are based on collected invoices.
3 - Statement of accounts receivable are reconciled with customers and regularly sent for confirmation.
4 - Automatic transfer of funds is arranged with banks regarding deposits of branches
of the above which will result to better cash flow?
A. All
B. 4 only
C. 3 & 4
D. 1, 2, 4
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