(Learning Objective 3: Apply internal controls to accounts receivable) As a recent college…

(Learning Objective 3: Apply internal controls to accounts receivable) As a recent college graduate, you land your first job in the customer collections department of NY Publishing. Spencer Crew, the manager, asked you to propose a system to ensure that cash received from customers by mail is handled properly. Draft a short memorandum to explain the essential element in your proposed plan; explain why this element is important.

 

 

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