In a credit sales and cash receipts system flowchart symbol X could represent:

Question

Quizplus · Accepted Answer

Choice "B" is correct. Remittance advices (for customer payments) are the input document not identified in the credit sales and cash receipts system flowchart. Choice "A" is incorrect. The flowchart shows the client's processing of receipts, not the auditor's tests of controls. Choice "C" is incorrect. Error reports, also called exception reports, are generated after processing, not before. Choice "D" is incorrect. Credit authorization forms would not be an input used to create a transaction file, although they should be used prior to granting credit.

In a Credit Sales and Cash Receipts System Flowchart Symbol