Question: Question 1 5 ( 1 point ) One important internal control over receivables is to: Allow the person receiving cash to post the collections to
Question point
One important internal control over receivables is to:
Allow the person receiving cash to post the collections to accounts receivable records as the cash is received.
Allow the credit department personnel to accept payments from customers.
Run a credit check on prospective customers.
Use the bookkeeper to pursue collections during slack time.
None of the above
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
