An accounting information system comprises five generic parts.Which of the following gives an example of an internal control associated with the sales/collection process?

Question

Quizplus · Accepted Answer

Depositing cash in the bank daily is an internal control associated with cash receipts and collections, which is a sub-process of the sales/collection process. Adequately supervising employees who handle inventory is an internal control associated with the inventory management process and is not directly related to the sales/collection process. Therefore, option C is the correct answer as it includes both controls.

An Accounting Information System Comprises Five Generic Parts