Question

In your own understanding what is credit collection policy?

Answer 1

a document that includes “clear, written guidelines that set the terms and conditions for supplying goods on credit

Step-by-step explanation:

Answer 2

A credit collections policy is a document that includes “clear, written guidelines that set the terms and conditions for supplying goods on credit, customer qualification criteria, procedure for making collections, and steps to be taken in case of customer delinquency”.