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15 points Question SALES AND COLLECTION CYCLE (20 marks) Read the case scenario presented below and answer the questions that follow imco Limited is a

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15 points Question SALES AND COLLECTION CYCLE (20 marks) Read the case scenario presented below and answer the questions that follow imco Limited is a manufacturer of children sports shoes aged 5-15 years. The company is based in the UAE and has distribution outlets in all the Emirates The company gained a reputation of being one of the leading providers of children wear. The company has recently started selling to customers in the GCC region The company mostly to sell its equipment for cash but it also extends credit to its customers due to long credit period allowed by its competitors in the children market. Therefore mco records les financial transaction in a computerized accounting system which is current to the company's needs. All other systems are presently manual in nature such as Inventory Required: Identify and describe the documents or records generated for Jimco Limited for The FOUR business functions in Sales Transactions 4x4 marks coch 16 marts 1. The TWO business function in Cash Transactions 22 mars och marks NOTE Your answer must include examples of documents and records generated for each business function, You should copy & paste the tables below into the answer area and complete with the necessary information. L SALES TRANSACTION FUNCTION Business function Document or record generated Ostian Cetion Status . The company mostly to sell its equipment for cash but it also extends credit to its customers due to long credit period allowed by its competitors in the children market. Therefore jmc records its financial transaction in a computerized accounting system which is current to the company's needs. All other systems are presently manual in nature such as Rewire Identity and describe the documents or records generated for Jimco Limited for: The FOUR business functions in Sales Transactions Nxdmarks each 16 marks) The Two business function in Cash Transactions NOTE: Your answer must include examples of documents and records generated for each business function. You should copy&paste the tables below into the answer area and complete with the necessary information L SALES TRANSACTION FUNCTION Business function Document or record generated CASH TRANSACTION FUNCTION Business function Document or record generated

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