Credit policy consists of:

A) the period over which credit is granted.
B) procedures undertaken to collect overdue accounts.
C) the length of the credit period and the discount offered.
D) the guidelines used to decide which customers get credit.

Credit Policy

The guidelines a company follows to determine credit terms, credit limits, and collection procedures for its customers.

Overdue Accounts

Accounts receivable that have not been paid by the due date, indicating delayed payments from customers.