Common internal controls for accounts receivable would not include:
A) sending invoices and monthly statements to customers.
B) developing procedures that ensure that all credit sales are recorded and customers' account are debited.
C) allowing all sales personnel to charge-off any accounts deemed uncollectible.
D) authorizing all credit sales.

Question

Quizplus · Accepted Answer

Allowing all sales personnel to charge-off any accounts deemed uncollectible would not be a common internal control for accounts receivable. This is because it could lead to possible fraud or errors in recording bad debt expenses. Instead, there should be specific procedures and approval processes in place for writing off uncollectible accounts. The other choices are all common internal control measures for accounts receivable.

Common Internal Controls for Accounts Receivable Would Not Include