An Example of Good Internal Control Over Accounts Receivable Is

question 87

Multiple Choice

An example of good internal control over Accounts Receivable is:

• A)the employee who handles the daily cash receipts also records Accounts Receivable transactions.
• B)the employee who opens the mail is also in charge of recording Accounts Receivable.
• C)there are separate employees for cash-handling and cash-accounting duties.
• D)All of the above are examples of good internal controls.

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Definitions:

Decision Processes

The methods, steps, or procedures involved in making choices or solving problems within an organizational or individual context.

Rationality

The quality or state of being reasonable, based on facts or reason rather than emotions or feelings.

Normative Decision Model

A leadership model suggesting the best course of action is dependent on certain norms, situations, or circumstances.

Participative Leadership

A leadership style where leaders involve team members in the decision-making process, enhancing engagement and commitment.