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July 23, 2014

Homework Help: accounting info. systems

Posted by Joe on Sunday, May 23, 2010 at 11:53pm.

The last step in the revenue cycle is cash collections. The accounts receivable department must know when customers pay their invoices, yet segregation of duty controls dictate that the collection and recording functions be kept separate from each other. What is a solution to this potential internal control problem?

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