Which of the Following Statements Is False

Which of the following statements is false?

A) The typical B/AR/CR system assists in preparing internal and external reports, including GAAP-based financial statements.
B) Separating the credit function from the sales function is often defended on the grounds that if they were not separated, credit might be extended to high-risk customers, simply to achieve sales targets.
C) The two types of adjustments that commonly result from a periodic review of the aging details of customer account balances are a recurring entry for estimated bad debts and a bad debt write-off.
D) Cash receipts events data are comprised of one or more invoice records.