Which of the following is NOT a key issue in controlling and managing receivables?
A)Extend credit only to customers who are most likely to pay.
B)Separate the responsibility for custody and protection of inventory assets from the accounting for inventory assets.
C)Separate cash-handling,credit and accounting duties to keep employees from stealing cash collected from customers.
D)Pursue collection from customers to maximise cash flow.

Question

Quizplus · Accepted Answer

Separating the responsibility for custody and protection of inventory assets from the accounting for inventory assets is not directly related to controlling and managing receivables. The other options - extending credit only to reliable customers, separating cash-handling duties, and pursuing collections to maximize cash flow - are all important aspects of managing receivables.

Which of the Following Is NOT a Key Issue in Controlling