Procedures That Can Be Used to Prevent And/or Detect Receivables

question 18

Multiple Choice

Procedures that can be used to prevent and/or detect receivables skimming include which of the following?

• A) Reconciling the bank statement regularly
• B) Mandating that employees take annual vacations
• C) Performing a trend analysis on the aging of customer accounts
• D) All of the above

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Definitions:

Primacy Effect

Refers to the tendency to remember information at the beginning of a list better than information in the middle or at the end.

Repression

A defense mechanism where unwanted or disturbing thoughts, memories, or desires are unconsciously pushed out of conscious awareness.

Automatic Processing

The unconscious encoding of incidental information such as space, time, frequency, and well-learned information.

Source Amnesia

A memory disorder where an individual can remember certain information but is unable to recall where, when, or how they obtained it.