Which of the following internal control activities will most likely prevent the concealment of a cash shortage by improperly writing off 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 receivables 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.
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