All of the following are advantages of real-time processing of sales except
A) The cash cycle is shortened
B) Paperwork is reduced
C) Incorrect data entry is difficult to detect
D) Up-to-date information can provide a competitive advantage in the marketplace
Correct Answer:
Verified
Q58: A weekly reconciliation of cash receipts would
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Q60: Which department prepares the bill of lading?
A)sales
B)warehouse
C)shipping
D)credit
Q61: Which of the following is not a
Q62: Which type of control is considered a
Q64: Distinguish between a packing slip,shipping notice,and a
Q65: Periodically,the general ledger department receives all of
Q66: The revenue cycle utilizes all of the
Q67: What specific internal control procedure would prevent
Q68: The clerk who opens the mail routinely
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