One method of establishing proper internal control over the collection of accounts receivable is to:

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Establishing a bank lock box would ensure that customers' payments are received directly by the bank and not by the company's employees. This reduces the risk of theft or mishandling of funds by employees, and helps ensure timely and accurate recording of accounts receivable. Petty cash fund, cash disbursements, and authorized check signers do not directly address the issue of accounts receivable collection.

One Method of Establishing Proper Internal Control Over the Collection