Julia's Cookies has identified the following recording cash receipts control activity risk: "Receipts posted to the incorrect customer account may result in customer dissatisfaction." Choose from the list of control activities below one of the appropriate control activities for this risk statement.
A) Automated calculation of discounts
B) Regular independent bank reconciliations with management review
C) Mail monthly statements to customers and investigate and fix discrepancies reported in a timely manner.
D) Perform independent check of remittance advices from customers against daily remittance list.
Correct Answer:
Verified
Q65: A(n) _ is a source document that
Q66: A(n) _ is a source document that
Q67: A(n) _ transfers the payment from the
Q68: Julia's Cookies has identified the following recording
Q69: Julia's Cookies has identified the following recording
Q71: Electronic payment data is transmitted through the
Q72: Which of the following ERP modules is
Q73: Which of the following ERP modules is
Q74: Which of the following ERP modules is
Q75: Reference the entity relationship diagram of the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents