A client receives a substantial number of goods returned. The client records the return when credit memos are issued (usually one to two weeks after the item is returned). A control that would lead to timelier recording of goods returned would be: a. Prenumbering receiving reports, which are separately identified for goods returned and are used to issue credit memos. b. Aging schedules of accounts receivable. c. A reconciliation of customer accounts receivable with the accounts receivable general ledger account. d. Prenumbering credit memoranda for which all numbers are periodically accounted for.

d. Prenumbering credit memoranda for which all numbers are periodically accounted for.

Explanation:

credit memo, also called a memorandum, is a document issued by a seller that reduces the amount owed by a client from a previous invoice. This means that whatever the client owes to the seller will decrease after this memo is issued.

In other wobuyere credit, memo reduced SellerCorp's net sales and its accounts receivable. When BuyerCo records the credit memo, the following will occur in its accounting records: 1) a debit of $8 to Accounts Payable, and 2) a credit of $8 to Purchases Returns and Allowances (or to Inventory).

convection currents in magma drive plate tectonics. the answer is true.

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.