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Which of the following would be a step in an internal control program? Read sales contracts for evidence of customers' rights of return or price
Which of the following would be a step in an internal control program?
| Read sales contracts for evidence of customers' rights of return or price allowance terms. | |
| Prepare and send confirmations on a sample of customers' accounts receivable. | |
| Obtain an aged trial balance of the accounts receivable. | |
| Assess the control risk for sales and collections. |
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Financial Accounting Cases
Authors: Camillo Lento, Jo-Anne Ryan
3rd Canadian Edition
1119594642, 978-1119594642
