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
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