2007-01-02 22:06:06 · 4 answers · asked by nallu s 1 in Science & Mathematics ➔ Engineering
There will be a limit of amount for credit transaction, like not over $ 500.
Only listed company or organization will get the credit.
There will be a time limit for credit; like 30/45/60 days credit.
Maintaining ageing analysis of credit and sending invoices timely to the creditor.
2007-01-02 22:25:12 · answer #1 · answered by Zia 3 · 0⤊ 0⤋
If you own a retail shop or any business where you are paid in cash or by cheque at the time of the transaction then you probably do not need one. On the other hand, if you run a business with a lot of customers paying on a deferred basis, a credit control system is essential.
Credit control is a vital part of running any business – not least a new business with limited cash resources. Every year, thousands of start-ups go bust. Many are profitable but are owed money by their customers. Unable to pay their suppliers, they are eventually forced to cease trading.
please go thorugh the following website for more details
2007-01-03 06:34:45 · answer #2 · answered by bala 1 · 0⤊ 0⤋
Not to take anything on CREDIT
2007-01-03 06:57:38 · answer #3 · answered by Anonymous · 0⤊ 0⤋
No cel contract if you owe money.
2007-01-03 06:09:19 · answer #4 · answered by partout250 4 · 0⤊ 0⤋