Letters of Inquiry regarding Financial Status and Collection Letters — SPCC STD 11 Commerce — Question

The Businessman who are not good at collection of their dues start loosing their profit and capital slowly. Due to this the firm will start becoming financially weak and faces problem in financial matters of the business. This type of firms are marching towards bankruptcy. So the collection of dues should be undertaken firmly. If the businessman does not get the reply to the first collection letteF, then he should write two or three reminder letters and if money is still not received then he should write collection letter in firm language and try to recover the dues. The firms which cannot undertake collection, can not stay in business for -a longer period of time.