All of the Following Are Important Controls Over Credit Memos

question 38

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.

---

Definitions:

Urogenital Sinus

In certain embryonic mammals, a common chamber formed by the fusion of the urethra and the vagina, leading to the exterior of the body.

Urinary Bladder

A hollow muscular organ in humans and vertebrates that stores urine prior to its elimination from the body.

Ductus Deferens

A conduit that transports sperm from the epididymis to the ejaculatory ducts, readying it for ejaculation.

Epididymis

An extended, twisted duct that holds sperm and conveys it from the testicles.