Control Sales

Question 1

Line control counts

Answer 1

detective

matches the number of lines in one document to another document - useful for quantity testing

Question 2

Subsidiary customer accounts ledger

Answer 2

Remain A/R not paid

Usually directly confirmed with debtors

Question 3

Credit manager

Answer 3

approval of credit for client transactions

Question 4

Auditor test credit approval because

Answer 4

confirming A/R has been authorized and that the valuation is correct

Question 5

write - offs

Answer 5

credit manager asks

CFO approves and authorizes

Question 6

returned goods are presented to

Answer 6

receiving department

Question 7

CFO function related to cash

Answer 7

custodians

Question 8

Retail environment cashier responsibility

Answer 8

Authorize transactions
Record Payment
Take Custody of Payment

Cash registers provide limited access to cash
Supervision is required

Question 9

Receiving cash or checks from customers employee should

Answer 9

provide a list of what has been received

Question 10

Customer Order

Answer 10

Sales Department to Credit Approval Department back to Sales Department