The following set of items describes activities completed by a company in purchasing and paying for merchandise.For each activity,identify whether or not the activity adheres to or violates sound internal control procedures.
-Monthly statements,indicating the current balance due,are mailed to customers.
A)Adheres to sound internal control procedures
B)Violates sound internal control procedures
C)Neither strengthens nor violates internal control

Question

Quizplus · Accepted Answer

Mailing monthly statements to customers is a sound internal control procedure as it helps in reminding customers about their outstanding balances and also serves as a record for the company about the status of their accounts receivables.

The Following Set of Items Describes Activities Completed by a Company