CIMA Exam CIMAPRA19-F01-1 Topic 3 Question 42 Discussion

Actual exam question for CIMA's CIMAPRA19-F01-1 exam

Question #: 42
Topic #: 3

Select THREE actions that should be taken by a business offering credit to its customers to ensure that amounts owing are collected as quickly as possible.

AChase up slow payers with reminder letters.

BMonitor outstanding trade receivables.

CExtend the credit terms available to customers.

DIssue invoices quickly.

EMonitor outstanding trade payables.

FTake longer to settle trade payables than collect trade receivables.

Show Suggested Answer

Suggested Answer: A, B, D

by Mollie at May 03, 2022, 05:17 PM

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