Southeastern Supply Company has been in business for one month.The chief information officer of the company is designing procedures for its sales order entry system.Top management wants procedures for both general and specific authorization.
Required: Describe procedures to accomplish each of the following activities and indicate whether each procedure requires general or specific authorization.
1.Establishment of prices to be entered on sales orders
2.Establishing terms of sale,including credit limits
3.Disposition of blocked orders for customers over the credit limit
4.Disposition of sales allowances
5.Writing off accounts deemed worthless

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The Answer of Southeastern Supply Company has been in business for one month.The chief information officer of the company is designing procedures for its sales order entry system.Top management wants procedures for both general and specific authorization.
Required: Describe procedures to accomplish each of the following activities and indicate whether each procedure requires general or specific authorization.
1.Establishment of prices to be entered on sales orders
2.Establishing terms of sale,including credit limits
3.Disposition of blocked orders for customers over the credit limit
4.Disposition of sales allowances
5.Writing off accounts deemed worthless

Southeastern Supply Company Has Been in Business for One Month