Examlex

Solved

Robert Works Long Hours in His Firm,making Calls to Household

question 78

Multiple Choice

Robert works long hours in his firm,making calls to household consumers.Unlike other salespeople in his team,he is not required to visit customers' residences to sell products.He also handles the customer grievance helpline of his firm.Which of the following statements is true about Robert?


Definitions:

Sales Journal

A book or digital record used in accounting to record all sales transactions of a company.

Cash Payments Journal

A financial journal that records all cash outflows or payments made by a business, including expenses and asset purchases.

Purchases Journal

A record keeping document used to note all credit purchases of inventory and other items made by a company.

Establishment of Responsibility

An internal control principle focusing on assigning specific responsibilities to particular employees to reduce errors and fraud.

Related Questions