Which of the Following Internal Control Procedures Will Most Likely

Multiple Choice

Which of the following internal control procedures will most likely prevent the concealment of a cash shortage resulting from the improper write-off of a trade account receivable?

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