What task can the accounts receivable department engage in to verify that all checks sent bythe customers have been appropriately deposited and recorded?
What will be an ideal response?
The company should periodically, perhaps monthly, send an account summary to each customer listing invoices and amounts paid by check number and date. This form allows the customer to verify the accuracy of the records. If any payments are not recorded, they will notify the company of the discrepancy. These reports should not be handled by the accounts receivable clerk or the cashier.
PTS: 1
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A. 
B. 
C. 
D. 
Answer the following statements true (T) or false (F)
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