Hey, I'm a high school student located New Zealand, Dunedin. I'm writing an accounts receivable report for a made up business which sells printed t-shirts on credit. I'm seeking help on what is credit policy, specifically in the benefits of having one, What objective are they trying to meet with a credit policy (if you don't know how to answer this one that's fine) and What are the consequences of not having a credit policy? Thank you for taking your time to read this. from Struggling high school student