MANAGERIAL ACCOUNTING F/MGRS.
MANAGERIAL ACCOUNTING F/MGRS.
6th Edition
ISBN: 9781264100590
Author: Noreen
Publisher: RENT MCG
Question
Book Icon
Chapter P, Problem P.17Q
To determine

Concept introduction:

Internal Control: It is a set of controls that ensure smooth and effective management of the business transactions to achieve the business goals. Internal control works as a monitoring system for all the departments of an organization.

To indicate: The internal controls to manage the credit sales and accounts receivable  

Blurred answer
Students have asked these similar questions
What internal controls would you implement to help maintain control of your credit sales and accounts receivable?
What is the objective of having a control system and what is the key points of a credit control system?
What are the steps taken to ensure control over purchases and payments by check?
Knowledge Booster
Background pattern image
Recommended textbooks for you
Text book image
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:9781337679503
Author:Gilbertson
Publisher:Cengage
Text book image
Century 21 Accounting General Journal
Accounting
ISBN:9781337680059
Author:Gilbertson
Publisher:Cengage
Text book image
Personal Finance
Finance
ISBN:9781337669214
Author:GARMAN
Publisher:Cengage