Lapping of accounts receivable by an employee is not possible when there is adequate segregation of duties with respect to cash disbursements.

Name: Lapping of accounts receivable by an employee is not possible when there is adequate segregation of duties with respect to cash disbursements.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Lapping of accounts receivable is related to cash receipts, not disbursements. Adequate segregation of duties in cash receipts, not disbursements, helps prevent lapping.

Lapping of Accounts Receivable by an Employee Is Not Possible