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1. Which three of the following are risks associated with the sales system? Explain details A. Orders may be taken from customers who are not

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1. Which three of the following are risks associated with the sales system? Explain details A. Orders may be taken from customers who are not able to pay B. Goods may be despatched but not invoice C. The full credit period offered might not be taken D. Money might be received at the premises but not banked 2. Which two of the following are risks associated with the sales system? Explain details A. Orders may be taken from customers who are not able to pay B. Invoices may be cancelled by valid credit notes C. Goods may be received but not invoiced D. Sales might be recorded in the wrong customer accounts 3. Which two of the following are objectives of the sales ordering part of the sales system? Explain details A. Sales are only made to credit worthy customers B. Goods are correctly invoiced C. Cut-off is correct D. Orders can be fulfilled 4. Which one of the following is a control objective relating to the revenue system? Explain details A. Credit notes are only issued for valid reasons B. Sales invoices are checked to Goods Despatched Notes by accounts staff C. Customer accounts are scrutinised to determine whether credit limits have been observed D. Orders are made only from authorised suppliers

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