What important control functions are served by mailing monthly statements to customers? Why is it important to

Question:

What important control functions are served by mailing monthly statements to customers? Why is it important to separate the duties of responding to customer complaints from the accounts receivable and cash collection functions?

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...