Question: A cash system with excellent internal controls, should require all significant disbursements to be made by check. a) True b) False When an allowance method

A cash system with excellent internal controls, should require all significant disbursements to be made by check.

a) True
b) False

When an allowance method is used for accounts receivable, the write-off of a specific account has an impact on net income or total assets.

a) True
b) False

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