d. The sales department approves sales credit memos as the result of product returns and forwards these to the AR department, which adjusts the customer accounts to reflect the return.
d. The sales department approves sales credit memos as the result of product returns and forwards these to the AR department, which adjusts the customer accounts to reflect the return.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Is it properly segragated? If no explain the reason why.
Transcribed Image Text:d. The sales department
approves sales credit memos
as the result of product
returns and forwards these to
the AR department, which
adjusts the customer
accounts to reflect the
return.
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