1.. The CFO of Haart Co. - a manufacturer of luxury cars, has asked an accountant to prepare a schedule of expected cash to be received by the corporation in the next twelve weeks from the credit sales made in the last quarter. To prepare the schedule, the accountant will refer to the: * 1 point

a. Merchandise inventory master file

b. Accounts receivable master file.

c. Sales invoice transaction file

d. Customer master file

2. Following up an order placed by a customer through obtaining necessary approval from the credit check department, information associated with the sales is released to functional divisions, EXCEPT * 1 point

a. Warehouse personnel

b. Billing department

c. Shipping department

d. Inventory control 3. Which ONE of the following documents ensure transaction authorisations as an internal control mechanics for a batch production system? * 1 point

a. Move Tickets

b. Job Tickets.

c. Cost Sheets

d. WIP Files.

4. The process of automation in accounting functions, such as an expenditure cycle, decreases the requirement for verifications since it lowers the probability of fraudulent activities and errors. * 1 point

a. True

b. False