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

Question

Quizplus · Accepted Answer

The separation of custody and accounting for inventory assets is related to inventory management, not directly to managing receivables.

Which of the Following Is NOT a Key Issue in Controlling