Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Dutton Enterprises sells products online through their website. Website sales are processed by PayPal. On a nightly basis Jamie logs into PayPal through his home

Dutton Enterprises sells products online through their website. Website sales are processed by PayPal.
On a nightly basis Jamie logs into PayPal through his home computer. He records the revenue,
transaction fees and net increase in the PayPal balance. All of this is recorded in an Excel spreadsheet
using a template created by Dutton
s CPA who prepares their tax filings. Jamie then emails the
spreadsheet to Beth who may or may not actually being looking at it on a regular basis.
Required:
1
.
Flowchart the system above using the Shapes function on either Word or Excel
2
.
Identify the risks associated with the revenue recording process. Be inclusive.
Make it in excel please.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

ISO IEC 27001 Lead Auditor Mastering ISMS Audit Techniques

Authors: Dr Tamuka Maziriri

1st Edition

107903160X, 978-1079031607

More Books

Students also viewed these Accounting questions