Which One of the Following Internal Control Procedures Would Most

Multiple Choice

Which one of the following internal control procedures would most likely prevent the concealment of a cash shortage resulting from the improper write-off of a trade account receivable? Write-offs must be

A) authorised by company field sales employees who are in a position to determine the financial standing of the customers.
B) approved by a responsible officer after review of credit department recommendations and supporting evidence.
C) supported by an aging schedule showing that only receivables overdue several months have been written off.
D) approved by the cashier who is in a position to know if the receivables have, in fact, been collected.