17 - Improving Cash Flow Flashcards
0
Q
Credit control
A
The monitoring of debts to ensure that credit periods are not exceeded.
1
Q
Creditors
A
Suppliers owned money by the business - purchases have been made on credit.
2
Q
Bad debt
A
Unpaid customer bills that are now very unlikely to ever be paid.
3
Q
Overtrading
A
Expanding a business rapidly without obtaining all of the necessary finance so that a cash flow shortage develops.
