Question

What is the purpose of an accounts flow chart in inward accounts management?

a.

To track the receipt of accounts and follow-up on delayed accounts

b.

To calculate the brokerage payable by the reinsurer

c.

To monitor the profitability of the reinsurance placements

d.

To summarize the outstanding claims for each quarter

Answer: (a).To track the receipt of accounts and follow-up on delayed accounts Explanation:An accounts flow chart in inward accounts management helps in keeping track of the receipt of accounts and facilitates follow-up on delayed accounts.

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Q. What is the purpose of an accounts flow chart in inward accounts management?

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