Author Question: Team Shirts ordered T-shirts from its supplier in June. The T-shirts were delivered in July. Team ... (Read 196 times)

serike · **on:** Jul 5, 2018

Team Shirts ordered T-shirts from its supplier in June. The T-shirts were delivered in July. Team Shirts paid the bill in August and sold the T-shirts in September. When should Team Shirts recognize an expense using cash-basis accounting?

A) June
B) September
C) August
D) July

Question 2

Assuring that cash collections recorded in the cash receipts event data are credited to the right customer in the accounts receivable master data addresses the control goal of:
a. ensure input accuracy
b. ensure input completeness
c. ensure update accuracy
d. ensure update completeness

nothere · **Reply #1 on:** Jul 5, 2018

Answer to Question 1

C

Answer to Question 2

C

serike · **Reply #2 on:** Jul 5, 2018

Correct answers!

nothere · **Reply #3 on:** Jul 5, 2018

Great! Please up vote

Author Question: Team Shirts ordered T-shirts from its supplier in June. The T-shirts were delivered in July. Team ... (Read 196 times)

serike

Team Shirts ordered T-shirts from its supplier in June. The T-shirts were delivered in July. Team ...

nothere

Team Shirts ordered T-shirts from its supplier in June. The T-shirts were delivered in July. Team ...

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serike

Team Shirts ordered T-shirts from its supplier in June. The T-shirts were delivered in July. Team ...

nothere

Team Shirts ordered T-shirts from its supplier in June. The T-shirts were delivered in July. Team ...