Mini Computer Solutions makes all sales on account, so virtually all cash receipts arrive in the mail.
Question:
Requirement
1. Take the role of Luke Hill, the company president. Write a memo to employees outlining procedures to ensure that all cash receipts are deposited in the bank and that the total amounts of each day’s cash receipts are posted to customer accounts receivable.
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Related Book For
Financial accounting
ISBN: 978-0132751124
9th edition
Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom
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