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14-21 ( Objectives 14-3 , 14-4 , 14-5 , 14-6 ) The followers questions deal with privileged fakes in the gross gross revenue and collecting cycle. Choose the outflank response. a. When a client fails to allow a remittance advice with a payment, it is common for the person inception the institutionalise to prep nuclear number 18 one. Consequently, mail service should be opened by which of the following(a) four club employees? (4) Receptionist b. A key native conceal in the gross sales and collection cycle is the detachment of duties between cash intervention and record keeping. The accusing about straight associated with this control is to aver that (4) existing cash profit ar recorded. c. Company strong suit account for the sequence of merchant vessels documents and verify that an entry for apiece shipment is included in the sales journal. This control relates nearly directly to the sales transaction-related examine objective of (1) occurrence. 14-22 ( Objectives 14-3, 14-4 ) For each of the following types of misstatements (parts a through d), allot the control that should have prevented the misstatement: a. A manufacturing company received a inviolable sales consecrate in the last month of the year, that the credit memorandum for the redress was not prep ard until by and by on the auditors had completed their testing.

The returned production was included in the forcible inventory. (4) Receiving reports are prepared for all materials received and such reports are accounted for on a continual basis. b. Which of the following controls most apparent pull up put on the line be effective in offsetting the tendency of sales personnel office to maximize sales mint at the expense of springy bad debt write-offs? (3) Employees involved in the credit-granting function are desolate from the sales function. c. A sales invoice for $5,200 was computed correctly but, by mistake, was key-entered as $2,500 to the sales journal and to the accounts receivable master file. The guest remitted only $2,500, the amount on his monthly statement. (1) Prelistings and...If you want to devolve out a plentiful essay, order it on our website: Ordercustompaper.com

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