All of the Following Are Important Controls Over Credit Memos

question 42

Multiple Choice

All of the following are important controls over credit memos except:

• A)proper segregation of duties to ensure that sales discounts taken were earned.
• B)credit memos should be approved by someone other than whoever initiated it.
• C)credit memos should be supported by a receiving document for returned goods.
• D)proper segregation of duties between access to customer records and authorizing credit memos.

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