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Author Question: For a firm that practices good internal controls in the sales and collections cycle, the function of ... (Read 28 times)

danitzaidaly

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on: Aug 21, 2022

Question 1

Before goods are shipped on account, a properly authorized person must
◦ prepare the sales invoice.
◦ approve the journal entry.
◦ approve the customer's credit.
◦ verify that the unit price is accurate.

Question 2

For a firm that practices good internal controls in the sales and collections cycle, the function of indicating credit approval should be recorded on which of the following documents?
◦ sales order
◦ sales invoice
◦ customer order
◦ remittance advice
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by danitzaidaly on Aug 21, 2022

jojo120419

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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danitzaidaly

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

yeungji

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Reply 3 on: Yesterday
Gracias!

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