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UNITED STATES DEPARTMENT OF AGRICULTURE (USDA)
OFFICE OF THE CHIEF FINANCIAL OFFICER (CFO)
FINANCIAL MANAGEMENT SERVICE (FMS)
COLLECTIONS SECTION
* Full Name
* Address 2
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* State
* Payer Code/CustomerVendor
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What is collections section?
Collections section is a part of a financial report where information about any outstanding debts owed to a company is recorded.
Who is required to file collections section?
Companies or individuals who have outstanding debts owed to them are required to file collections section.
How to fill out collections section?
To fill out collections section, one must include details about the debtor, the amount owed, the payment terms, and any actions taken to collect the debt.
What is the purpose of collections section?
The purpose of collections section is to keep track of any outstanding debts owed to a company and to help facilitate the collection process.
What information must be reported on collections section?
Information such as debtor details, amount owed, payment terms, and collection efforts must be reported on collections section.
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