Internal Control Over Sales Transactions Is Very Important to the Effectiveness

question 66

Essay

Internal control over sales transactions is very important to the effectiveness of an organization.
a.For effective control over credit sales,describe four major functions that should be segregated.
b.In addition to adequate segregation of duties,describe two other internal controls over sales transactions.

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Definitions:

Interdisciplinary Influences

The impact of integrating and applying knowledge and methods from multiple disciplines to advance understanding or solve problems.

Group Dynamics

The study of the behaviors and psychological processes occurring within a social group, including the ways in which group members interact and influence each other.

Organizational Behavior

The study of individual behavior and group dynamics in organizations.

Individual Mannerisms

Individual mannerisms are the unique behaviors, gestures, and habits that characterize a person.