Question

What task can the Accounts Receivable (AR) Department engage in to verify that all customers' checks have been appropriately deposited and recorded

Answer 1

It is the duty of Account receivable department to verify the receipts against the payment. The receivable department is responsible for the cash collection process of the company.

Step-by-step explanation:

It is the receivable department whom there is huge responsibility of cash collection with which business operations are run. If there is delay in cash collection then business operation cycle will be disturbed. To maintain the efficient operating cycle of the business, the receivable should make age receivable analysis to identify the receipts due.