What is the one most important step the credit department

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Problem 1: Explain why Accounting Principles require us to record Bad Debt Expense at the end of a period/year, even though the accounts (in Accounts Receivable) may not have gone bad yet.

Problem 2: In your opinion, what is the one most important step the credit department can take in their investigation to determine if credit should be extended to a new customer?

Reference no: EM132855931

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