Accurate recording within general ledger control accounts does not necessarily mean that billing, collection, and adjustment transactions
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Accurate recording within general ledger control accounts does not necessarily mean that billing, collection, and adjustment transactions will be posted accurately to individual customer accounts. What controls can management implement to mitigate the likelihood of inaccurate postings to individual customer accounts?
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Management can implement several controls to mitigate the likelihood of inaccurate postings to individual customer accounts including Segregation of duties Divide responsibilities among employees so t...View the full answer
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