Question: . In a well designed internal control system, two tasks that should be performed by different persons are Approval of bad debt write-offs, and reconciliation
. In a well designed internal control system, two tasks that should be performed by different persons are
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| Approval of bad debt write-offs, and reconciliation of the accounts payable subsidiary ledger and controlling account. | |
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| Distribution of payroll checks and approval of sales returns for credit. | |
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| Posting of amounts from both the cash receipts journal and cash payments journal to the general ledger. | |
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| Recording of cash receipts and preparation of bank reconciliations. |
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