Internal controls A. are policies and procedures designed to safeguard a company's assets. B. are policies and procedures designed to produce accurate accounting records. C. are the responsibility of a company's management to develop and implement. D. are policies and procedures designed to safeguard a company's assets and are policies and procedures designed to produce accurate accounting records. E. All of these are true. Sales taxes collected from customers upon the sale of merchandise are typically included on the selling company's books as A. a revenue. B. an expense. C. a liability. D. both a revenue and an expense E. both an expense and a liability