Internal Control for Sales Involve Which of the Following Documentation

question 109

Multiple Choice

Internal control for sales involve which of the following documentation?

• A)A sale and its associated receivable are recorded only when the order, shipping, and billing documents are all presented.
• B)A sale and its associated receivable are recorded only when the billing documents are prepared.
• C)A sale and its associated receivable are recorded only when the goods are ordered.
• D)A sale and its associated receivable are recorded only when the good are produced.

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Definitions:

Abstract Reasoning

The ability to analyze information, detect patterns and relationships, and solve problems on a complex level that is not directly tied to concrete experiences.

Concrete Thinking

A style of thinking that relies on the physical, tangible reality and does not easily grasp abstract concepts.

Scaffolding

An educational approach involving more knowledgeable others providing temporary supports to help a learner achieve higher levels of understanding.

Zone of Proximal Development

A concept in developmental psychology introduced by Lev Vygotsky, describing the difference between what a learner can do without help and what they can achieve with guidance and encouragement.