When a Clerk Enters a Sale and the Customer Can

question 148

True/False

When a clerk enters a sale and the customer can see the amount displayed and is given a cash receipt, this is an example of a preventive control.

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Definitions:

Written Evidence

Documented proof or records that support claims or events, often used in legal and financial contexts.

Freight-Out

The cost associated with transporting goods from a warehouse to the customer, typically classified as a selling expense.

Operating Expenses

The costs related to the day-to-day operations of a business, excluding the cost of goods sold.

Appropriate Code Letter

A specific letter or abbreviation designated to represent a particular category or item in accounting or data classification.