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Effective internal control over accounts receivable ensures: Select one: a. That credit is...

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Question

Accounting

Effective internal control over accounts receivable ensures:
Select one:
a. That credit is only extended to customers that meet the company's credit standards.
b. That an approved factor is used when the company sells its accounts receivable.
c. There is an accurate accounting for cash receipts, cash disbursements, and cash balances.
d. The availability of adequate cash for conducting business operations.

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