Bookkeeper A prepares the invoice by using a copy of the sales order. This procedure provides
a. Strong evidence of occurrence
b. Weak evidence of occurrence
c. Strong evidence of completeness
d. Weak evidence of completeness
Bookkeeper A prepares the invoice by using a copy of the sales order. This procedure provides...
Accounts Receivable Sales A/R Posting Extended Sales Invoice Packing Slip Compare invoice to packing slip 2 (C, A) Driver obtains signature on sales invoice (V, A) Matching control copy to signed copy of Sales Order (C, V, A) Check Extended Sales Invoice (A) Compare invoice to packing slip 2 (C, A) Compare invoice to packing slip 1 (C, A) Driver obtains signature on sales invoice (V, A) Matching to authorized list (A) Compare A/R batch totals (C, V, A) Compare...
Sales Credit Billing Customer Cash Receipt Credit Copy Warehouse Approved Credit Copy Customer Customer Order Invoice Packing Slip Authorize Customer's Credit Check Stock Release Update Sales Journal Remittance Advice Prepare Sales Order Prepare Invoice and Bill Customer Pick Goods and Prepare Bill of Lading Sales Journal Reconcile Check with Remittance Advice Remittance Advice Credit Copy Иил Approved Credit Copy Bill of Lading Update Cash Receipt Journal and Deposit Check Packing Slip Invoice 1 Bill of Lading Update AR Sub Ledger...
Sales Order Processing System The customer sales order is received via phone or through the mail. Gus Grinwich, the sales clerk, receives the sales order and checks the customer’s credit record. Once Grinwich checks the customer’s credit record, he prepares the sales order. From this sales order, Grinwich prepares a customer copy, stock release, shipping notice, two copies of the invoice, ledger copy, packing slip, and the file copy. One of the invoice copies, the ledger copy, and the file...
Your job is to complete the sales invoice process by using a form in order to generate the sales invoice that you will modify from your assignment #3. You will make a copy of your assn3.html file called assn4.html, but add a form instead of prompting the user for items. In this case, you store sells toys and you only will sell the following products: Teddy Bear (unit price: $25.00) Scooter (unit price: $47.00) Frisby (unit price: $15.50) Therefore, you...
Sales Order Processing Vidar Foodservice’s salespeople telephone and bring handwritten orders to the office, which prepares an invoice. The salespeople approves the customer’s credit because they know the customer pays their bills. If a salesperson has a special delivery order for a customer, they pick the goods from the warehouse and deliver the order themselves to avoid the burdensome time for warehouse personnel to assemble the order. A copy of the invoice serves as a shipping notice and picking slip...
For each audit procedure, select the appropriate audit objective. Objective Procedure 1. Trace receiving reports to related invoice and entry in purchases journal to determine that existing purchases are recorded. 2. Examine sales invoices selected from the sales journal to determine if recorded on the correct dates. 3. Verify recorded fixed asset additions by physically examining the equipment. 4. Examine the last five sales invoices recorded in the sales journal to determine they are recorded in the proper period. 5....
21. Within SAP, when you post an invoice received from a vendor, the general ledger is automatically updated. Which management assertion is most directly enhanced by this? a. Occurrence b. Cutoff c. Completeness d. Authorization
15. Determine which management assertion the following control is designed to enhance: Attaching the customer purchase order and bill of lading to each sales invoice before recording the sales transaction. a. Classification b. Cut off c. Occurrence d. Completeness
Using the steps you would use for preparing transactions create a set of procedures that can be used by a bookkeeper while performing their duties. Each procedure should be ½ to 1 page in length. You will need to create procedures for: Chart of Accounts numbering. Establish a debtor account in the appropriate Accounts Receivable Subsidiary Ledger. Process a debtor invoice. Process the Sales Journal Process a creditor invoice. Process a debtor payment. Make a payment to a creditor. Process...
31) A picking ticket is generated by the A) shipping process. B) sales order entry process. C) packing process. D) billing process. 32) The A) bill of lading B) packing slip C) back order D) picking list is a legal contract that defines responsibility for goods that are in transit. 33) A company uses the method for tracking accounts receivable where customers pay according to individual sales invoices. This describes the A) monthly statement B) open-invoice C) balance forward D)...