What are the internal control procedures are required for debtors?
What are the internal control procedures that a medium sized business would need to employ in terms of debtors (sales on credit). Most of the online searches don't give an in depth account. In terms of separation of duties, safeguarding, recording and documentation, etc. What internal systems would a business employ to control its debtors.I have tried countless Google searches but they don't go into enough detail, such as, how would credit sales be recorded, the source documents, the reconciliation procedure, etc.