Multiple Choice
Julia's Cookies has identified the following recording cash receipts control activity risk: "Receipts posted to the incorrect customer account may result in customer dissatisfaction." Choose from the list of control activities below one of the appropriate control activities for this risk statement.
A) Automated calculation of discounts
B) Regular independent bank reconciliations with management review
C) Mail monthly statements to customers and investigate and fix discrepancies reported in a timely manner.
D) Perform independent check of remittance advices from customers against daily remittance list.
Correct Answer:

Verified
Correct Answer:
Verified
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