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Credit and Collection


Prepared by:
Mr. Elmin Franchezko F. Valdez, CPA

Credit Management

It is the science of evaluating the

creditworthiness of a person and its grant.


It is the art of collecting what has been granted

in credit to persons and maintaining continued
patronage and goodwill in the process.
It must be remembered that a sale is never
sale unless collected.

Bad Credit can never be eliminated but maybe

Usually people commit negligence: by either

commission or omission in its grant or enforcement
if it is not properly managed.