How Many of These Are Internal Controls Relating to Accounts

question 33

Multiple Choice

How many of these are internal controls relating to accounts receivable?
Sending monthly statements of account to customers.
Reviewing slow paying accounts.
Regular reconciliation of the debtors control account and the subsidiary ledger.
Restricting access to the debtor's records.
Allowing debtors discount for early settlement.

• A) 2
• B) 3
• C) 4
• D) 5

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Definitions:

Racial Categorization

The process of classifying people into groups based on physical characteristics, often leading to societal implications and stereotypes.

Homogenizing Headings

Refers to the process of making headings consistent in style or format across a document or group of documents.

Dominant

Holding a position of power, influence, or control in a particular society, culture, or group.

Whiteness

A socio-political concept referring to the social, economic, and political advantages that come with being identified as white in many societies.