The control objectives of a sales system typically include the-00155
The control objectives of a sales system typically include the following EXCEPT:
This multiple choice question (MCQ) is related to the book/course
vu acc311 Fundamentals of Auditing.
It can also be found in
vu acc311 Mid Term - Quiz No.3.
The control objectives of a sales system typically include the following EXCEPT:
Invoices and credits should be appropriately checked for accuracy and should be authorized before entering in the records
Goods returned and claims by customers should be controlled to determine the liability for goods returned and claims received
Customers orders should be authorized, controlled and recorded in order to execute them promptly
All valid transactions relating to payables, and only those transactions, should be accurately recorded in the accounting records bcoz payables relate to purchases not to sales
