Good Internal Controls in the Revenue Cycle Should Ensure All

question 40

Multiple Choice

Good internal controls in the revenue cycle should ensure all of the following except

• A)all sales are profitable
• B)all sales are recorded
• C)credit is authorized
• D)inventory to be shipped is not stolen

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Definitions:

Turnover Delineation

The process of defining and categorizing the turnover rates within a company or organization to understand how often assets or staff are being replaced.