The billing department is not responsible for
A) updating the inventory subsidiary records
B) recording the sale in the sales journal
C) notifying accounts receivable of the sale
D) sending the invoice to the customer
Correct Answer:
Verified
Q50: The most effective internal control procedure to
Q51: Which control does not help to ensure
Q52: Good internal controls in the revenue cycle
Q53: Which situation indicates a weak internal control
Q54: A remittance advice is
A)used to increase (debit)
Q56: An advantage of real-time processing of sales
Q57: EDI trading partner agreements specify all of
Q58: A weekly reconciliation of cash receipts would
Q59: The accounts receivable clerk destroys all invoices
Q60: Which department prepares the bill of lading?
A)sales
B)warehouse
C)shipping
D)credit
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