In order to maximize sales and profits,effective internal control over receivables ensures that credit is extended to all customers who request credit.

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Effective internal control over receivables ensures that credit is extended to customers who meet certain criteria, such as creditworthiness, payment history, and financial stability. Extending credit to all customers who request it could result in a higher risk of bad debts and financial losses.

In Order to Maximize Sales and Profits,effective Internal Control Over