An advantage of real-time processing of sales is
A) the cash cycle is lengthened
B) current inventory information is available
C) hardcopy documents provide a permanent record of the transaction
D) data entry errors are corrected at the end of each batch
Correct Answer:
Verified
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)
Q55: The billing department is not responsible for
A)updating
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
Q61: Which of the following is not a
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