Which of the following is NOT a key issue in controlling and managing receivables?
A) Separate cash-handling, credit, and accounting duties to keep employees from stealing cash collected from customers.
B) Extend credit only to customers who are most likely to pay.
C) Pursue collection from customers to maximize cash flow.
D) Separate the responsibility for custody and protection of inventory assets from the accounting for inventory assets.

Question

Quizplus · Accepted Answer

Separating the responsibility for custody and protection of inventory assets from the accounting for inventory assets is not related to controlling and managing receivables. It is related to controlling and managing inventory. The other choices are key issues in controlling and managing receivables.

Which of the Following Is NOT a Key Issue in Controlling