ocr: Introduction Acredit sale means that the firm issues an invoice at the point of: - sale and the invoice requests that actual payment be made at some future date. The etticient management of these debtors is of vital importance tot the etticient overall management of working capital. In the case of stocks, management are able to exert ntluence over those items which are physically present on their premises, but with debtors there IS an increased degree of difficulty with regard to control since any debtors balances in the accounts effectively represent capital placed in the hands of customers. ...
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