Which of the following procedures would deter the lapping of accounts receivable?

Question

Quizplus · Accepted Answer

Segregation of accounting duties involves assigning different tasks related to accounts receivable to different employees, reducing the likelihood of fraudulent activities such as lapping. This is the best choice as it directly addresses the problem of lapping. Training cashiers and performing reconciliations can help prevent other forms of fraud and errors but may not specifically deter lapping. Limiting employee after-hours access to company resources can also reduce the risk of fraud but may not be effective in preventing lapping.

Which of the Following Procedures Would Deter the Lapping of Accounts