Which of the following statements is correct? Select one: a. Account receivable turnover is equal to net credit sales divided by average net accounts receivable. b. Buying aged receivables from businesses and then collects the payments directly from the customers is called Allowance for uncollectible accounts. c. Auto generated document numbers is a fraud preventive method which is more efficient than physical controls. d. If the same people are responsible for a series of related accounting activities is called Segregation of Duties.

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A: Please see the next step for the solution

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Q: The expense cycle offers employees many opportunities to commit fraud in processing cash purchases…

A: SOLUTION- THE REVIEW OF ACCOUNTING DOCUMENTS NORMALLY FINANCIAL  ACCOUNTS BY A THIRD PARTY CPA OR…

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A: Auditors are to verify the accounts of the company and validity of all financial statements.