To Achieve Good Internal Control,which Department Should Perform the Activities

question 9

Multiple Choice

To achieve good internal control,which department should perform the activities of matching shipping documents with sales orders and preparing daily sales summaries?

• A) Billing.
• B) Shipping.
• C) Credit.
• D) Sales Order.

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Definitions:

Spreadsheet

A software application that allows users to organize, analyze, and store data in tabular form.

Job-Order Costing

An accounting method used to assign costs to specific jobs or orders, tracking expenses in relation to each job's production costs.

Manufacturing Overhead

All manufacturing costs other than direct materials and direct labor, including maintenance, utilities, and depreciation of production facilities.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials, labor, and overhead costs, but excluding indirect expenses such as distribution costs.