Which of the following is totally true about the principles of internal control activities? Select one: O a. Independent internal verification and non-physical control O b. Establishment of responsibilities & less control of human resources c. Banking responsibility & Segregation of duties O d. Documentation procedures & Physical Control What will happen when the company assume some of the credit sales is not collectable? Select one: O a. The allowance of doubtful account increase O b. The account receivable decrease c. The Bad Debt expenses increase O d. The Bad Debt expenses decrease Question 9 Not yet answered Marked out of 2.00 Flag question LULU Hypermarket on March 1st, 2020, sells food product on account to Al Faiha Farm for RO 5,000. The sales term is 5% on 60 days. On March 6th, Al Faiha Farm returned some of the food product worth 600 to LULU. Prepare the journal entry to record this transaction on the books of LULU Hypermarket on the 6st of March: Select one: a. Account Receivable 600 Cash 600 b. Bad debt expenses 600 Allowances for doubtful account 600 C. Sales Revenue 600 Account Receivable 600 O d. Sales Return on Allowances 600 Account Receivable 600 Which of the following statement best describe cash equivalents: Select one: a. difficult to be converted to cash b. Long term, highly liquid investment O c. It's market value is relatively insensitive to changes in interest rates O d. Short term, low liquid investment