Which of the following is not correct? A concern with unauthorized credits is that they could lead to fraud in the accounts receivable function where accounts receivable employees credit the account and, when the customer remits in full, the money is misappropriated. O A credit application should be part of the customer set-up process to determine whether the customer is credit worthy and on what terms sales will be made. No credit application data is needed for lower credit line customers If credit is not properly approved, charge offs (or bad debts) may increase. These charge offs reflect poorly on the credit and collections functions, but they also have ramifications in Winancial reporting as bad debt expense increases