The Sales Department Bookkeeper Has Been Crediting House?account Sales to Her

question 47

Multiple Choice

The sales department bookkeeper has been crediting house?account sales to her brother-in?law,an outside salesman.Commissions are paid on outside sales but not on house-account sales.This might have been prevented by requiring that:

• A)Sales order forms be prenumbered and accounted for by the sales department bookkeeper
• B)Sales commission statements be supported by sales order forms and approved by the sales manager
• C)Aggregate sales entries be prepared by the general accounting department
• D)Disbursement vouchers for sales commissions be reviewed by the internal audit department and checked to sales commission statements

Understand how to manage and evaluate sources for academic research.

Know how to organize and structure the draft and final versions of a research paper.

Understand the distinction between formal reports and proposals including their structure and purpose.

Comprehend different organizational strategies for reports and proposals.

---

Definitions:

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, helping manage liquidity and ensuring availability of cash.

Cash Receipts

The collection of money (cash, checks, wire transfers) by a business or individual, often recorded in the accounting records.

Finished Goods Inventory

The total value of all completed products that have not yet been sold by a company.

Cash Collections

The process of gathering all cash receipts from sales or other sources during a particular period.