Match each of the following application control objectives to the appropriate transaction...

a.

Purchasing cycle

____

1.

All goods shipped are accurately billed in the proper period.

b.

Sales cycle

____

2.

Record cash receipts on accounts receivable completely and accurately.

c.

Payroll cycle

____

3.

Enter and process time worked accurately.

d.

Banking/Cash

____

4.

Ensure that items ordered are received on a timely basis.

e.

Financial cycle

____

5.

Disburse cash only for authorized purchases.

____

6.

System controls are in place for appropriate Approval of write-offs.

____

7.

Record tax payments completely and accurately.

____

8.

Prevent unauthorized use of purchase orders.

____

9.

Process only valid customer orders.

____

10.

Reconcile accounting records with physical assets.