The Receiving Clerk at Folding Squid Technologies Examines Incoming Shipments

question 26

Multiple Choice

The receiving clerk at Folding Squid Technologies examines incoming shipments and reconciles their contents with the relevant purchase orders.A receiving report is then sent to accounts receivable and the vendor's invoice is approved for payment.Which of the following would correct control weaknesses,if any,related to these activities?

• A) The invoice should be approved for payment by the shipping clerk after the purchase order and receiving report are reconciled.
• B) Accounts payable should reconcile the purchase order and the receiving report.
• C) Invoices, purchase orders, and receiving reports should be reconciled by the receiving clerk.
• D) Controls are adequate under the current system.

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Definitions:

Atelectasis

Collapse of alveoli, preventing the normal respiratory exchange of oxygen and carbon dioxide.

Breathing Exercises

Techniques focused on deep, rhythmic, and conscious inhalation and exhalation, used to reduce stress, improve lung function, and enhance overall well-being.

Chronic Conditions

Long-lasting diseases or health conditions that typically progress slowly, requiring ongoing medical attention and management.

Emphysema

A chronic respiratory condition characterized by the destruction of the air sacs in the lungs, leading to breathlessness and reduced oxygen intake.