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Which of the following controls will most likely prevent the concealment of a cash shortage resulting from the improper write-off of a trade account receivable? A. Write-offs must be approved by the cashier who is in a position to know if the receivables have, in fact, been collected. B. Write-offs must be supported by an aging schedule showing that only receivable overdue several months have been written off. C. Write-offs must be approved by a responsible officer after review of credit department recommendations and supporting evidence. D. Write-off must be authorized by company field sales employees who are in a position to determine the financial standing of the customers. |