answer

count items received from vendors At which point is supervision most critical in the cash receipts system? * mail room cash receipts general ledger accounts receivable An advantage of real-time processing of sales is * hard copy documents provide a permanent record of the transaction current inventory information is available the cash cycle is lengthened data entry errors are corrected at the end of each batch The Fixed Asset System performs all of the following except * tracks the physical location of fixed assets records retirement and disposal of assets maintains depreciation records determines the need for new assets In regards to the accounts payable department, which statement is not true? * the purchase requisition shows that the transaction was authorized the supplier's invoice indicates the financial value of the transaction the purchase order proves that the purchase was required the receiving report provides evidence of the physical receipt of the goods