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What is the name of the process

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Question 1: A firm adopts an ongoing review of accounts receivable to determine whether its credit customers are paying according to stated terms. What is the name of this process?

Option a) Ageing of accounts receivable

Option b) Average collection period

Option c) Credit terms

Option d) Credit monitoring

Question 2: Which of the following methods indicates that the borrower's inventories are used as collateral and transported to a separate public warehouse?

Option a) Terminal warehouse agreement

Option b) Field warehouse agreement

Option c) Floating lien agreement

Option d) Chattel mortgage agreement

Reference no: EM132529314

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