Problem1 after receiving a completed credit application, Ask an Expert

Accounting

Problem:

1. After receiving a completed credit application from your customer, what should you do to verify the accuracy of the responses on the application?

2. Why would you want to visit the credit applicant's place of business before extending credit?

3. Why is it a red flag if the credit applicant gives you an unlisted phone number or post office box as an address?

Note: Please provide through step by step calculations.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91166782

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