Good internal controls over the write-off of uncollectible accounts include appropriate review of ________ by management to ensure the appropriateness of the transaction.
A)journal entries
B)debit memos
C)receiving reports
D)cash receipts journal

Question

Quizplus · Accepted Answer

Journal entries should be reviewed by management to ensure that uncollectible accounts are properly identified and written off in accordance with company policy and accounting standards. Debit memos, receiving reports, and cash receipts journals are not directly relevant to the write-off of uncollectible accounts.

Good Internal Controls Over the Write-Off of Uncollectible Accounts Include