Each of the below describes a procedure consistent with a strong system of internal control except… Question 7 options: The customer order department determines when a sale has occurred and should be recorded. The accounts payable department agrees purchase requisitions, purchase orders, receiving reports, and invoices prior to payment. Quantities ordered are excluded from the receiving department copy of a purchase order so receiving personnel count and inspect merchandise received. The use of remittance advices for customers' payments on accounts receivable received in the mail.
Each of the below describes a procedure consistent with a strong system of internal control except… Question 7 options: The customer order department determines when a sale has occurred and should be recorded. The accounts payable department agrees purchase requisitions, purchase orders, receiving reports, and invoices prior to payment. Quantities ordered are excluded from the receiving department copy of a purchase order so receiving personnel count and inspect merchandise received. The use of remittance advices for customers' payments on accounts receivable received in the mail.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter7A: Internal Controls
Section: Chapter Questions
Problem 2SEB
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Each of the below describes a procedure consistent with a strong system of internal control except…
Question 7 options:
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The customer order department determines when a sale has occurred and should be recorded. |
|
The accounts payable department agrees purchase requisitions, purchase orders, receiving reports, and invoices prior to payment. |
|
Quantities ordered are excluded from the receiving department copy of a purchase order so receiving personnel count and inspect merchandise received. |
|
The use of remittance advices for customers' payments on
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