Which of the following would be the best protection for a company that wishes to prevent the lapping of trade accounts receivable?
a. Segregate duties so the bookkeeper in charge of the general ledger has no access to incoming mall, b. Segregate duties so no employee has access to both cheques from customers and currency from dally cash receipts.
c. Have all customers send payments directly to the company's depository bank
d. Request customers' payment cheques are made payable to the company and addressed to the treasurer.