Explain whati mportant information we can get from each sources of credit information to be able to make a decision whether or not we can extend credit to the loan applicant.

Q: Please explain the risks the buyer of a loan participation is exposed to

A: There are many risks involved in loan and it is very risky to give loans because of default on loan…

Q: Explain how does the trade credit is offered on open account.

A: Trade credit is the easiest and most important source of short-term finance available to businesses.…

Q: Billed customers for delivery services rendered what would be debited?

A: Billing to Customers - When company provide service to customer either in cash or on account both…

Q: you agree or disagree upon accounting debits and credits as an information system?

A: Debits and Credits 1) An account shows the effect of transactions on a given asset, liability,…

Q: For every debit there will be an equal credit according to a. Money measurement concept b. Dual…

A: According to the Dual aspect concept, each and every transaction has two aspects one is Debit and…

Q: how is credit check in advance technology is different from credit check in basic technology

A:

Q: What section of FASB provide guidance on referral credit paid to customers?

A: FASB stands for "Financial Accounting Standards Board , which was established in the year 1973.It is…

Q: Which of the following credit terms would be more generous to your customers:  n/30 or n/eom?

A: The answer for the question on credit term is discussed hereunder :

Q: Discuss 5 areas in life where your credit score could be checked and thus impact the purchase/event

A: Credit score is a number ranging between  300 to 850 . Credit score of  300 indicates poor rating…

Q: Give an explanation  - and use an example - of why we may need to convert an Account Receivable to a…

A: Accounts receivable: Accounts receivable is the amount owed by the customers to the company for the…

Q: How can fi nancial statement analysis be used to evaluate the credit quality of a potentialfi…

A: Whenever, an investor is considering an investment proposal, he need to analyze the various things…

Q: Credit sales are recorded by crediting an account receivable for specific customer. True or false?

A: Lets understand the meaning of credit sales. Credit sales refers to transferring ownership of goods…

Q: What notice given to the customer explains that we may report ingormation to the credit bureaus

A: The question is asking about the specific notice that is given to customers by financial…

Q: What are the basic inputs to recognize an account receivable?

A: Accounts receivable can be defined as the money that is owed to the firm on the sale of goods or…

Q: If a bank uses credit risk score to determine who will receive a loan, the credit risk score would…

A: Credit risk is the possibility of a loss resulting from a borrower's failure to repay a loan or meet…