Examlex
Which of the following is not a basic means of achieving internal control over cash receipts?
Prepaid Expense
An expense paid in advance and recorded as an asset until it is used or consumed.
Bankruptcy Trustee
An appointed individual or entity that oversees and administers the estate of a debtor in a bankruptcy proceeding.
Insolvent Company
A business that is unable to pay its debts as they come due.
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