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:

Parental Bickering

frequent, minor disagreements and conflicts between parents, often in the presence of their children.

Severe Fighting

Intense physical conflicts that can result in significant harm or damage, often arising from personal or group disputes.

Behavior Problems

Refers to actions or attitudes displayed by individuals that are considered disruptive or inappropriate by societal norms.

Physical Attractiveness

The degree to which a person's physical features are considered aesthetically pleasing or beautiful by others.