This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Control of inventory should begin as soon as the inventory is received. Which of the following ... (Read 80 times)

luvbio

  • Hero Member
  • *****
  • Posts: 623
on: Jul 5, 2018
Control of inventory should begin as soon as the inventory is received. Which of the following internal control stepsis notdone to meet this goal?
 a. check the invoice to the receiving report
  b. check the invoice to the purchase order
  c. check the invoice with the person who specifically purchased the item
  d. check the invoice extensions and totals

Question 2

The Allowance for uncollectible accounts ________.
 
  A) is subtracted from Sales to calculate Net sales on the income statement
  B) is always equal to Bad debts expense for the year
  C) is subtracted from Accounts receivable to calculate Net realizable value of accounts receivable
  D) is subtracted from Cash on the balance sheet


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

aidanmbrowne

  • Sr. Member
  • ****
  • Posts: 305
Reply #1 on: Jul 5, 2018
Answer to Question 1

c

Answer to Question 2

C


luvbio

  • Member
  • Posts: 623
Reply 2 on: Jul 5, 2018
Gracias!

marict

  • Member
  • Posts: 304
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Infection prevention and control Infection prevention and control
Margaret Sanger, birth control pioneer. Margaret Sanger, birth control pioneer.
To cleanse an open wound, begin close to the wound and work outward in full or half circles. To cleanse an open wound, begin close to the wound and work outward in full or half circles.
Control of the cell cycle by cyclin-dependent kinases, and the checkpoints at which they operate Control of the cell cycle by cyclin-dependent kinases, and the checkpoints at which they operate
Control you knife with one hand and hold the item being cut with the other (3 of 3) Control you knife with one hand and hold the item being cut with the other (3 of 3)
An inventory record sheet shows a balance on hand of 972. During the month units sold were 111, ... An inventory record sheet shows a balance on hand of 972. During the month units sold were 111, ...
Video: Optic Nerve and Optic Disk Animation (Part 2 of 2)

For a complete list of videos, visit our video library