Question

Which of the following is a correct representation of typical accounting functions?

A. Credit card sales function helps to ensure that payroll and employment taxes are kept current.

B. Accurate and timely accounts receivable records are essential for making decisions concerning the extension of credit.

C. Leasehold records help to ease the problems of keeping necessary insurance coverage current and in force.

D. Insurance register helps to track the amount of discount and charge backs taken by your credit card provider.

Answer

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