Accounting Information Systems
Accounting Information Systems
10th Edition
ISBN: 9781337619202
Author: Hall, James A.
Publisher: Cengage Learning,
Question
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Chapter 4, Problem 2DQ
To determine

Explain the difference between sales order, billing and AR departments. Also, explain the reason because of which sales or AR departments cannot prepare the bills.

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Which statement about Revenue Cycle is correct? The customer and accounts payable department gets copies of the invoice.The sales order department prepares the invoice.The billing department uses the sales order and shipping documents to create the invoice.The accounts receivable department uses the sales order to update the accounts receivable subsidiary ledger
The functions of and documents generated by which of the below departments determine when a wholesaler that ships goods to customers has the right to record a sale?   Question  options:   The receiving department   The credit department   The customer order department   The shipping department
Which files do you usually find in a sales order module versus an account receivable (customer module)? Why does this difference exist?

Chapter 4 Solutions

Accounting Information Systems

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