Which of the Following Control Procedures May Prevent the Failure

question 24

Multiple Choice

Which of the following control procedures may prevent the failure to bill customers for some shipments?

• A)Each shipment should be supported by a prenumbered sales invoice that is accounted for.
• B)Each sales order should be approved by authorized personnel.
• C)Sales journal entries should be reconciled to daily sales summaries.
• D)Each sales invoice should be supported by a shipping document.

Calculate the amount borrowed or lent based on installment amounts.

Understand the difference in values due to timing of cash flows (beginning of period vs end of period).

Understand the core information requirements and challenges involved in both basic and extended MRP systems.

Comprehend how an organization's process choice influences its master production schedule.