a. When are authorizations required in existing sales transactions? b. What errors and irregularities may occur when
Question:
a. When are authorizations required in existing sales transactions?
b. What errors and irregularities may occur when sales transactions are not authorized?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
a Authorizations are required in existing sales transactions in the following situations 1 Approval ...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Modern Auditing
ISBN: 9780471542834
5th Edition
Authors: Walter Gerry Kell, William C. Boynton, Richard E. Ziegler
Question Posted:
Students also viewed these Business questions
-
a. What authorizations are necessary in executing purchases transactions? b. What errors and irregularities may occur when these transactions are not authorized?
-
DON'T SUMMARIZE JUST PARAGRAPH OF WHAT YOU THOUGHT/LEARNED CHAPTER 13 - The phrase "garbage in, garbage out" highlights the importance of input controls. If the data entered into a system are...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Write a film script using this title "The arrival". THE ARRIVAL' WRITE A FILM SCRIPT USING THIS, TITLE DUMBFOUND: ASTONISH, AMAZE E62-67 SIMILE A METAPHOR ALLITERATION LIST OF THREE A LINE FROM A...
-
What approach(es) does the company seem to take to its capacity management?
-
The cost of producing x cartons of CDs is C(x) dollars, where C(x) = 200x + 1000. The CDs sell for $400 per carton. (a) Find the break-even quantity. (b) What revenue will the company receive if it...
-
In what type of manufacturing operation would the job cost system be used? Where would the process cost system be used? LO.1
-
The Alta Company is constructing a production complex which qualifies for interest capitalization. The following information is available: Capitalization period: January 1, 2007 to June 30, 2009...
-
Question 13 (5 points) Ethene Builders constructs houses. The standard labor rate is $20 per hour and the standard number of hours is 13,000 hours per home. During the year, it constructed 12 homes...
-
a. Identify the specific internal accounting control objectives for each function associated with the recording of sales transactions. b. Indicate an appropriate segregation of duties for these...
-
a. What are the specific accounting control objectives for each of the functions involved in executing sales transactions? b. Indicate an appropriate segregation of duties among the departments...
-
The balance sheet of Tarns PLC is as follows: he company proposes to redeem the preference shares at a premium of 10 per cent by finding the cash from alreadv available internal sources. Required:...
-
Axel and Brooklyn have agreed to buy a new vehicle. Brooklyn mentions that she is looking forward to getting a new SUV, so they have room for their dogs and kids. Axel mentions he thought they were...
-
Discuss how technology and human resources are needed to operate this facility in this behind the scenes look at this retailing giant. Support your opinion with research and/or key concepts covered...
-
4.2 At a given instant, a spacecraft is 500 km above the earth, with a right ascension of 300 and a declination of -20 relative to the geocentric equatorial frame. Its velocity is 10 km/s directly...
-
A 447 gram cart (mA) slides along a very smooth track and collides with a stationary 475 gram cart (mB). A motion detector records the velocity of cart A, as shown in Figures 1 and 2. A force probe...
-
M8 Homework i Saved 1 Mayfair Company completed the following transactions and uses a perpetual inventory system. Help Save & Exit Submit Check my work 10 points eBook Print References June 4 Sold...
-
Third Bank has the following balance sheet (in millions), with the risk weights in parentheses. The cumulative preferred stock is qualifying and perpetual. In addition, the bank has $ 30 million in...
-
Repeat Exercise 16.6 using the t-test of the coefficient of correlation. Is this result identical to the one you produced in Exercise 16.6?
-
The contents of AASB 6 Exploration for and Evaluation of Mineral Resources are different from IFRS 6. In particular, AASB 6 is more restrictive in relation to how pre-production expenditure is to be...
-
Your answer is partially correct. You are told that a note has repayment terms of $ 1,200 per quarter for 5 years, with a stated interest rate of 4%. How much of the total payment is for principal,...
-
What are three methods to overcome the provisons of the Tax Cuts and Jobs Act on subpart F on a controlled foreign corporation's tax liabilty? on subpart F to reduce a CFC's tax liability*
Study smarter with the SolutionInn App