Effective internal control over receivables is designed to ensure that customers' payments are promptly deposited.

Name: Effective internal control over receivables is designed to ensure that customers' payments are promptly deposited.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Effective internal control over receivables includes processes such as proper recording of customer payments, reconciliation of accounts, and timely deposit of funds to ensure that customers' payments are promptly deposited.

Effective Internal Control Over Receivables Is Designed to Ensure That