Business, 14.11.2019 19:31 lucasrandall

Which of the following controls is most likely to deter lapping of collections from customers?

a. independent internal verification of dates of entry in the cash receipts journal with dates of daily cash summaries.
b. authorization of write-offs of uncollectible accounts by a supervisor independent of credit approval.
c. segregation of duties between receiving cash and posting the accounts receivable ledger.
d. supervisory comparison of the daily cash summary with the sum of the cash receipts journal entries.

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Which of the following controls is most likely to deter lapping of collections from customers?

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