In order to exercise effective internal control over receivables the credit department must have access cash.

Name: In order to exercise effective internal control over receivables the credit department must have access cash.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The credit department's access to cash is not necessary for effective internal control over receivables. Instead, internal control measures such as credit checks, approval processes, and regular monitoring of accounts can help ensure that receivables are managed properly.

In Order to Exercise Effective Internal Control Over Receivables the Credit