How Many of These Are Internal Controls Relating to Accounts

question 42

Multiple Choice

How many of these are internal controls relating to accounts receivable?
.Bad debts write-offs are authorised by a responsible officer.
.Monthly statements of account are sent to customers.
.The control account and the subsidiary ledger are regularly reconciled.

• A)None
• B)One
• C)Two
• D)Three

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Magnet Recognition

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Federal Grant

Financial support provided by the federal government to individuals, organizations, or entities for specific projects or purposes.