In the Billing Function Described in the Text, the Control

question 29

Multiple Choice

In the billing function described in the text, the control plan that contributes to effective operations is:

• A) edit the shipping notification for accuracy
• B) independent billing authorization
• C) compare input shipping notices to sales order master data
• D) review shipped not billed sales orders (tickler file)

---

Definitions:

Four Months

A period of time equal to approximately 120 days, often used in the context of timelines for projects, payments, or legal matters.

After-Acquired Property

Property acquired by a debtor after a security agreement is signed, which may still be subject to a creditor's claim.

Security Agreement

A contract that creates a lien on collateral, securing the performance of an obligation, commonly used in secured loan transactions.

Debtor

An individual or entity that owes money or other forms of obligations to another party, known as the creditor.