What specific internal control procedure would prevent an accounts receivable clerk from issuing a fictitious credit memo to a customer (who is also a relative) for goods that were "supposedly" returned from previous sales?

What will be an ideal response?


credit memo should be authorized after verifying the return of goods based on evidence from the person who received the goods

PTS: 1

Computer Science & Information Technology

You might also like to view...

Refering to the accompanying figure, which callout points to the button that displays or hides search options?

A. A B. B C. C D. D

Computer Science & Information Technology

To create a new button, select the object that you would like to use as a button, then click the Convert to Button command on the ____ menu.

A. New Button B. Object C. Special D. Button

Computer Science & Information Technology

All of the following are basic models for software distribution EXCEPT ________

A) shareware B) freeware C) charityware D) retail software

Computer Science & Information Technology

The Thesaurus button is available in the Review group on the Review tab

Indicate whether the statement is true or false

Computer Science & Information Technology