Cash Receipts from Sales on Account Terms of 2/10,net 30

question 11

Multiple Choice

Cash receipts from sales on account terms of 2/10,net 30 have been misappropriated.Which of the following acts would conceal this defalcation and be least likely to be detected by an auditor?

• A)understating the sales journal
• B)overstating the accounts receivable subsidiary ledger
• C)understating the accounts receivable subsidiary ledger
• D)understating the cash receipts journal

Identify the components and benefits of a project team within an organization.

Recognize the defining features of a bureaucracy and its impact on organizational effectiveness.

Comprehend the principles and disadvantages of mechanistic organizational designs.

Appreciate the strategic value and function of strategic alliances and cooperative structures.