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IMPACT OF ACCOUNTS RECEIVABLE IN BUSINESS ORGANISATION

CHAPTER ONE INTRODUCTION 1.1       BACKGROUND TO THE STUDY Prior to the advent of time, civilization, economic condition, and the business world, the world had known only a cash or barter economy.  However, with development in business world, business are being transacted on credit basis. In recent years, many business organizations in Nigeria have experienced liquidity problems largely because of the effects of high rate of inflation.  This has been necessitated ...

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