Aged Debtor Summary For Naja Group Of Companies

Credit Policy of the CollegesThe debtor policy of the colleges which is credit policy of the colleges include that 20% of the total sales is done on a credit basis. The management has the policy of offering 30 days, 60 days and 90 days credit period to the students of the colleges (Uremandu, Ben-Caleb & Enyi, 2012). The debtors who pay within 90 days period are estimated to be 1% of the total debtors of the college. The debtors who pay wit…