For Effective Internal Control, Employees Maintaining the Accounts Receivable Subsidiary

question 36

Multiple Choice

For effective internal control, employees maintaining the accounts receivable subsidiary ledger should not also approve

• A) employee overtime wages.
• B) credit granted to customers.
• C) write-offs of customer accounts.
• D) cash disbursements.

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Definitions:

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Representing data or information in a visual format, such as charts or graphs, to simplify complex concepts.

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A collection of mathematical equations, often used to solve problems where multiple variables are involved.

Three Figure Accuracy

Refers to rounding numerical values to three significant figures for precision in calculations or reporting.