A potential misstatement for the function of approving credit is:
A) goods may be released from the warehouse for unauthorised orders.
B) goods dispatched may not agree with goods ordered.
C) sales may be made without credit approval.
D) all of the above

Question

Quizplus · Accepted Answer

Approving credit is specifically related to ensuring that sales are made to customers who are likely to pay. Therefore, a potential misstatement is making sales without proper credit approval.

A Potential Misstatement for the Function of Approving Credit Is