Use the process maps in this chapter to answer the following questions: a. What would a credit

Question:

Use the process maps in this chapter to answer the following questions:
a. What would a credit manager do if a sales order received caused a customer to exceed its credit limit?
b. What happens after the shipping department verifies that the quantities and descriptions of goods prepared for shipment are consistent with the sales order?
c. What would an clerk do if a $100 credit memo is issued to a customer whose balance is $1,000?
d. When is it necessary for an clerk to notify a customer?

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...