The authorization of sales returns requires that certain individuals within the company be assigned the authority for all of the following, except:
A)Authorize sales returns
B)Approve credit memos
C)Develop sales return policies
D)Record the credit memos

Question

Quizplus · Accepted Answer

Recording the credit memos is a function of the accounting or finance department to ensure the accuracy of financial records, not an authorization activity. Authorization activities typically involve approving or initiating actions, such as sales returns or credit memos, and developing policies, not the recording or bookkeeping tasks.

The Authorization of Sales Returns Requires That Certain Individuals Within