Principles And Practice Of Effective Accounts Receivable Management In Kenya: A Case Of Selected Manufacturing Firms In Thika Municipality

ABSTRACT  Accounts receivable constitute a significant portion of current assets in manufacturing firms. Management therefore has to formulate strategies of effectively managing this important yet sensitive asset. This study aimed at investigating the principles and practices adopted by manufacturing firms in the management of accounts receivable in Kenya with specific reference to manufacturing firms in Thika municipality within KiambuCounty. The study further aimed at examining the strengths and weaknesses of the various strategies used by the firms and advice on the best strategies and prac…