How many of these are internal controls relating to accounts receivable?
$\bullet$Sending monthly statements of account to customers.
$\bullet$Reviewing slow paying accounts.
$\bullet$Regular reconciliation of the debtors control account and the subsidiary ledger.
$\bullet$Restricting access to the debtor's records.
$\bullet$Allowing debtors discount for early settlement.

Question

Quizplus · Accepted Answer

Sending monthly statements, reviewing slow paying accounts, regular reconciliation, and restricting access are all internal controls for accounts receivable. Allowing discounts is more of a sales incentive than a control.

How Many of These Are Internal Controls Relating to Accounts ∙\bullet∙

How Many of These Are Internal Controls Relating to Accounts $\bullet$