Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exclusive Shoes sells shoes from popular branded names like Diesel, Guess, Palladium, Polo, Crocket & Jones and so forth. Exclusive Shoes started operations six months

Exclusive Shoes sells shoes from popular branded names like Diesel, Guess, Palladium, Polo, Crocket & Jones and so forth. Exclusive Shoes started operations six months ago and sells on a wholesale and retail basis.
You obtain the following description of the warehouse function performed for credit sales transactions to its customers.
The warehouse clerk uses the internal sales order to record the goods on a picking slip, which he uses to pick the goods from the warehouse and then sends the goods to the despatch.
Which of the following are weaknesses in the above warehouse function of the credit sales system? (Please note there could be more than one correct alternative.) Select all the correct alternatives.
Select one or more:
a.
Picking slips are not authorised confirming the order is accurate.
b.
There is no supervisor/warehouse foreman who performs checks to ensure that picked goods are supported by picking slips.
c.
The credit limit is not checked before the order is approved.
d.
Internal sales orders may not be acted upon, resulting in dissatisfied customers.

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

Changing Contours Of Indian Agriculture Investment Income And Non Farm Employment

Authors: Seema Bathla Amaresh Dubey

1st Edition

9811060134,9811060142

Students also viewed these Finance questions