Question: An effective internal control for notes and drafts includes: contacting the issuer immediately if payment is not received on the due date contacting the issuer

An effective internal control for notes and drafts includes: contacting the issuer immediately if payment is not received on the due date contacting the issuer during the next 30 days if payment is not received on the due date allowing the issuer to continue to charge on account if they have not paid on time allow everyone in the notes receivable department to authorize acceptance of notes

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