Answered: Multiple-Choice Questions 9. The bill…

Multiple-Choice Questions 9. The bill of lading is prepared by the a. sales clerk. b. warehouse clerk. c. shipping clerk. d. billing clerk.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter12: Special Journals

Section: Chapter Questions

Problem 5TF: LO4 Purchases returns and allowances are recorded in the general journal.

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

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Multiple-Choice Questions

9. The bill of lading is prepared by the
a. sales clerk.
b. warehouse clerk.
c. shipping clerk.
d. billing clerk.

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If a company uses a multi-column purchases journal, which of the following possibleheadings for debit columns of the journal wouldnot be appropriate? a. merchandise inventory b. office supplies c. accounts payable d. store supplies
Which document helps to ensure that the receiving clerks actually count the number of goods received?a. packing listb. blind copy of purchase orderc. shipping noticed. invoice
For each of the following processes, state whether OLTP or OLAP is appropriate, and why. a. An order entry system that retrieves customer information, invoice information, and inventory information for local sales. b. An order entry system that retrieves customer information, invoice information, inventory information, and several years of sales informa- tion about both the customer and the inventory items. c. An order entry system that retrieves customer information, invoice information, inventory infor- mation, and information to compare the current sale to sales across several geographic regions. d. An order entry system that retrieves customer information, invoice information, inventory information, and accounts receivable informa- tion for sales within one marketing region. e. An insurance company requires a system that will allow it to determine total claims by region, whether a relationship exists between claims and meteorological phenomena, and why one region seems to be more…
Which statement about the Expenditure Cycle is correct? The blind copy of the purchase order goes to accounts receivablesThe purchase order is prepared by sales order departmentThe purchasing agent counts and inspects the goodsThe three way match contains the invoice, receiving report and purchase orderThe bill of lading is prepared by the shipping department
The bill of lading is prepared by the a. sales clerk. b. warehouse clerk. c. shipping clerk. d. billing clerk.
For each of the following processes, state whether OLTP or OLAP is appropriate and why.a. An order entry system that retrieves customer information, invoice information, and inventory information for local sales.b. An order entry system that retrieves customer information, invoice information, inventory information, and several years of sales information about both the customer and the inventory items.c. An order entry system that retrieves customer information, invoice information, inventory information, and information to compare the current sale to sales across several geographic regions.d. An order entry system that retrieves customer information, invoice information, inventory information, and accounts receivable information for sales within one marketing region. e. An insurance company requires a system that will allow it to determine total claims by region, determine whether a relationship exists between claims and meteorological phenomenon, and why one region seems to be more…
When preparing the invoices, the prices come from the A. packing slips B. shipping notices C. purchase requisitions D. bill of ladings E. sales orders
Identify which department has stewardship over the following journals, ledgers, and files. a. Customer open order file b. Sales journal c. Journal voucher file d. Cash receipts journal e. Inventory subsidiary ledger f. Accounts receivable subsidiary ledger g. Sales history file h. Shipping report file i. Credit memo file j. Sales order file k. Closed sales order file
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33.This is the type of special journal where sales invoice from a supplier may be found. A. sales journal B. purchase journal C. cash receipt journal D. cash disbursement journal
Business incurred travelling cost of OMR 50. Which of the following specialized journals will record this transaction? a. Purchase journal b. Cash receipt journal c. Sales journal d. Cash payment journal