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Business, 23.09.2019 19:30 honwismun1127

Which of the following would be the best protection for a company that wishes to prevent the lapping of trade accounts receivable? request that customers’ payment checks be made payable to the company and addressed to the cfo. have customers send payments directly to the company’s depository bank. segregate duties so that the bookkeeper in charge of the general ledger has no access to incoming mail. segregate duties so that no employee has access to both checks from customers and currency from daily cash receipts.

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Which of the following would be the best protection for a company that wishes to prevent the lapping...
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