When certain customers made cash payments to reduce their accounts receivable,the bookkeeper embezzled the cash and wrote off the accounts as uncollectible.Which control procedure would most likely prevent this irregularity?
A)segregation of duties
B)accounting records
C)accounting system
D)access controls

Question

Quizplus · Accepted Answer

Segregation of duties ensures that no single employee has control over multiple aspects of a transaction. In this case, if the bookkeeper had been prevented from having control over both the receivables and the cash, it would have made it more difficult for them to embezzle the cash and write off the accounts as uncollectible without detection.

When Certain Customers Made Cash Payments to Reduce Their Accounts