subject
Business, 14.11.2019 19:31 lucasrandall

Which of the following controls is most likely to deter lapping of collections from customers?

a. independent internal verification of dates of entry in the cash receipts journal with dates of daily cash summaries.
b. authorization of write-offs of uncollectible accounts by a supervisor independent of credit approval.
c. segregation of duties between receiving cash and posting the accounts receivable ledger.
d. supervisory comparison of the daily cash summary with the sum of the cash receipts journal entries.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 01:00
Throne technical university is looking for three people to work in its plant-biology laboratory. the hiring manager is finding that the most suitable job candidates live in other countries and are not willing to move to the city where the university is located. which situation is the university facing? a. lack of flexible workforce b. surpluses in labor talent c. an appearance of quota systems d. deficits in minimum wage demands
Answers: 1
question
Business, 22.06.2019 04:10
Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.
Answers: 1
question
Business, 23.06.2019 08:20
Marque a alternativa que apresenta somente as opções de financiamento com recursos internos: a) lucros, venda de ativos e recursos próprios. b) lucros, venda de ativos e redução no capital de giro. c) lucros, venda de ativos e recursos de familiares. d) lucros, venda de ativos e prorrogação nos prazos para receber os pagamentos dos clientes. e) lucros, venda de ativos e aumento do estoque de mercadorias.
Answers: 1
question
Business, 23.06.2019 10:30
Usually, government officials make the decisions on the best ways to spend public money true or false
Answers: 1
You know the right answer?
Which of the following controls is most likely to deter lapping of collections from customers?
Questions
question
History, 06.10.2020 14:01
Questions on the website: 13722363