Determine the cash receipts from customers, Accounting Basics

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Determine the cash receipts from customers

Apply controls to cash receipts from customers

Response to the following problem:

Drury Computer Solutions makes all sales on account, so virtually all cash receipts arrive in the mail. Wes Cowley, the company president, has just returned from a trade association meeting with new ideas for the business. Among other things, Cowley plans to institute stronger internal controls over cash receipts from customers.

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Accounting Basics: Determine the cash receipts from customers

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