Credit And Its Uses
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Ledger experience shows the manner in which a concern meets its obligations to its creditors, and in some degree the extent of those obligations. Mercantile credit men are especially in- terested in such information. But bank credit men on the whole are less closely acquainted with the situation in each in- dividual line of business. Hence they also desire to learn of the ability of the management, of the financial responsibility of the concern, and of the conditions prevailing in the indus- tr...y in question. Therefore, in order to supplement the ledger record they endeavor to develop a smaller number of close contacts with those thoroughly conversant with the industry and the concern.
It is in this interchange of information, too, that credit cooperation reaches its highest development. Credit men realize that they do not stand alone, and that no system of credits can function efflciently without the wholehearted par- ticipation of each individual dispenser of credit. They under- stand that mutual confidence and mutual aid, for common benefit, is of inestimable value to each credit grantor.
What to read after Credit And Its Uses?
You can find similar books in the "Read Also" column, or choose other free books by William Ambrose Prendergast to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Ledger experience shows the manner in which a concern meets its obligations to its creditors, and in some degree the extent of those obligations. Mercantile credit men are especially in- terested in such information. But bank credit men on the whole are less closely acquainted with the situation in each in- dividual line of business. Hence they also desire to learn of the ability of the management, of the financial responsibility of the concern, and of the conditions prevailing in the indus- tr...y in question. Therefore, in order to supplement the ledger record they endeavor to develop a smaller number of close contacts with those thoroughly conversant with the industry and the concern.
It is in this interchange of information, too, that credit cooperation reaches its highest development. Credit men realize that they do not stand alone, and that no system of credits can function efflciently without the wholehearted par- ticipation of each individual dispenser of credit. They under- stand that mutual confidence and mutual aid, for common benefit, is of inestimable value to each credit grantor.
What to read after Credit And Its Uses?
You can find similar books in the "Read Also" column, or choose other free books by William Ambrose Prendergast to read onlineMoreLess
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