QUESTION 1

1. The monthly General Ledger for Henrico Retail is prepared by using the information in ___________

   Credit or debit card charge slips

   Customer (paper) receipt

   Electronic record of transaction

   Cash register receipt printout (generated during closing process)

   Daily Deposit Sheet

   Daily deposit e-mail confirmation from the bank

   Daily Sales Report (prepared for each store)

   Monthly Sales Report (for each store)

   Monthly General Ledger

   Sales Clerk

   Store Cashier

   Store Accountant

   Bank

1 points

QUESTION 2

1. The monthly Sales Report for each store is prepared by using the information in ___________

   Credit or debit card charge slips

   Customer (paper) receipt

   Electronic record of transaction

   Cash register receipt printout (generated during closing process)

   Daily Deposit Sheet

   Daily deposit e-mail confirmation from the bank

   Daily Sales Report (prepared for each store)

   Monthly Sales Report (for each store)

   Monthly General Ledger

   Sales Clerk

   Store Cashier

   Store Accountant

   Bank

1 points

QUESTION 3

1. The Daily Sales Report for each store is prepared by using the information in ___________

   Credit or debit card charge slips

   Customer (paper) receipt

   Electronic record of transaction

   Cash register receipt printout (generated during closing process)

   Daily Deposit Sheet

   Daily deposit e-mail confirmation from the bank

   Daily Sales Report (prepared for each store)

   Monthly Sales Report (for each store)

   Monthly General Ledger

   Sales Clerk

   Store Cashier

   Store Accountant

   Bank

1 points

QUESTION 4

1. Which of the above is electronically prepared daily for each cash register in the store? ____________

   Credit or debit card charge slips

   Customer (paper) receipt

   Electronic record of transaction

   Cash register receipt printout (generated during closing process)

   Daily Deposit Sheet

   Daily deposit e-mail confirmation from the bank

   Daily Sales Report (prepared for each store)

   Monthly Sales Report (for each store)

   Monthly General Ledger

   Sales Clerk

   Store Cashier

   Store Accountant

   Bank

1 points

QUESTION 5

1. Which of the above is electronically prepared daily for each store? ___________

   Credit or debit card charge slips

   Customer (paper) receipt

   Electronic record of transaction

   Cash register receipt printout (generated during closing process)

   Daily Deposit Sheet

   Daily deposit e-mail confirmation from the bank

   Daily Sales Report (prepared for each store)

   Monthly Sales Report (for each store)

   Monthly General Ledger

   Sales Clerk

   Store Cashier

   Store Accountant

   Bank

1 points

QUESTION 6

1. Which of the above provides physical evidence at the end of each day of (all or some) of the recorded sales for the day? ___________

   Credit or debit card charge slips

   Customer (paper) receipt

   Electronic record of transaction

   Cash register receipt printout (generated during closing process)

   Daily Deposit Sheet

   Daily deposit e-mail confirmation from the bank

   Daily Sales Report (prepared for each store)

   Monthly Sales Report (for each store)

   Monthly General Ledger

   Sales Clerk

   Store Cashier

   Store Accountant

   Bank

1 points

QUESTION 7

1. Which of the above is prepared manually? _____________

   Credit or debit card charge slips

   Customer (paper) receipt

   Electronic record of transaction

   Cash register receipt printout (generated during closing process)

   Daily Deposit Sheet

   Daily deposit e-mail confirmation from the bank

   Daily Sales Report (prepared for each store)

   Monthly Sales Report (for each store)

   Monthly General Ledger

   Sales Clerk

   Store Cashier

   Store Accountant

   Bank

1 points

QUESTION 8

1. One of the reconciliation processes is that on a daily basis, the amounts on each Daily Deposit Sheet is compared, by the Sales Clerk, with ____________?

   Credit or debit card charge slips

   Customer (paper) receipt

   Electronic record of transaction

   Cash register receipt printout (generated during closing process)

   Daily Deposit Sheet

   Daily deposit e-mail confirmation from the bank

   Daily Sales Report (prepared for each store)

   Monthly Sales Report (for each store)

   Monthly General Ledger

   Sales Clerk

   Store Cashier

   Store Accountant

   Bank

1 points

QUESTION 9

1. Another reconciliation process is that on a daily basis, the amounts on each Daily Deposit Sheet is compared, by the Store Cashier, with ____________?

   Credit or debit card charge slips

   Customer (paper) receipt

   Electronic record of transaction

   Cash register receipt printout (generated during closing process)

   Daily Deposit Sheet

   Daily deposit e-mail confirmation from the bank

   Daily Sales Report (prepared for each store)

   Monthly Sales Report (for each store)

   Monthly General Ledger

   Sales Clerk

   Store Cashier

   Store Accountant

   Bank

1 points

QUESTION 10

1. Another reconciliation process performed, on a daily basis, is to compare the sums of the totals from ALL of the Daily Deposit Sheets in the store with __________?

   Credit or debit card charge slips

   Customer (paper) receipt

   Electronic record of transaction

   Cash register receipt printout (generated during closing process)

   Daily Deposit Sheet

   Daily deposit e-mail confirmation from the bank

   Daily Sales Report (prepared for each store)

   Monthly Sales Report (for each store)

   Monthly General Ledger

   Sales Clerk

   Store Cashier

   Store Accountant

   Bank

1 points

QUESTION 11

1. Who performs this reconciliation process? __________

   Credit or debit card charge slips

   Customer (paper) receipt

   Electronic record of transaction

   Cash register receipt printout (generated during closing process)

   Daily Deposit Sheet

   Daily deposit e-mail confirmation from the bank

   Daily Sales Report (prepared for each store)

   Monthly Sales Report (for each store)

   Monthly General Ledger

   Sales Clerk

   Store Cashier

   Store Accountant

   Bank

1 points

QUESTION 12

1. Which of the above is an externally (by an outside party) generated document? _____________

   Credit or debit card charge slips

   Customer (paper) receipt

   Electronic record of transaction

   Cash register receipt printout (generated during closing process)

   Daily Deposit Sheet

   Daily deposit e-mail confirmation from the bank

   Daily Sales Report (prepared for each store)

   Monthly Sales Report (for each store)

   Monthly General Ledger

   Sales Clerk

   Store Cashier

   Store Accountant

   Bank

1 points

QUESTION 13

1. Who prepares this document (referred to in Q12)? ______________

   Credit or debit card charge slips

   Customer (paper) receipt

   Electronic record of transaction

   Cash register receipt printout (generated during closing process)

   Daily Deposit Sheet

   Daily deposit e-mail confirmation from the bank

   Daily Sales Report (prepared for each store)

   Monthly Sales Report (for each store)

   Monthly General Ledger

   Sales Clerk

   Store Cashier

   Store Accountant

   Bank

1 points

QUESTION 14

1. As an auditor of Henrico Retail, assuming that you were auditing reported company sales for the month of October, which document would show this information? __________________

   Credit or debit card charge slips

   Customer (paper) receipt

   Electronic record of transaction

   Cash register receipt printout (generated during closing process)

   Daily Deposit Sheet

   Daily deposit e-mail confirmation from the bank

   Daily Sales Report (prepared for each store)

   Monthly Sales Report (for each store)

   Monthly General Ledger

   Sales Clerk

   Store Cashier

   Store Accountant

   Bank

1 points

QUESTION 15

1. As an auditor of Henrico Retail, which document would provide you with corroborating evidence that the recorded daily sales actually occurred? ______________

   Credit or debit card charge slips

   Customer (paper) receipt

   Electronic record of transaction

   Cash register receipt printout (generated during closing process)

   Daily Deposit Sheet

   Daily deposit e-mail confirmation from the bank

   Daily Sales Report (prepared for each store)

   Monthly Sales Report (for each store)

   Monthly General Ledger

   Sales Clerk

   Store Cashier

   Store Accountant

   Bank

The Sales Transaction Trail Customer receives a paper receipt showing the details of a single transaction Receipt initially stored electronically at register which is backed up daily to the store's computer server. information about each transaction generated, includes quantity sold and unit price by product number. REGISTER CLOSING Register Closing option updates transaction file on register hard drive and computer backup server. At that point, the cash registers generate a paper summary printout that summarizes the total amount of cash sales, debit or credit sales, sales returns, and any other miscellaneous transactions for the day at that register. Sales Clerk prepares daily deposit sheet that summarizes the sales clerk's count of the total cash and debit and credit charge slips in the drawer Store clerks forward all cash, debit and credit card slips, and Daily Deposit Sheets to the store cashier. The store cashier verifies the accuracy of both totals. Daily Deposit Sheet Any differences in the cash and debit and credit charge slip counts and the cash register generated transaction totals is noted on the Daily Deposit Sheet. The Daily Deposit Sheets provide an audit trail for each register in the store. Accounting personnel reconcile totals from all Daily Deposit Sheets to the printout of the e-mail confirmation of the deposit amount from the bank, which are filed together by date. The subtotals of cash , debit, and credit card sales for each cash register are also reported on a store Daily Sales Report, which is generated by the computer overnight from downloads from each cash register hard drive. The Daily Sales Report, which is transmitted electronically to the corporate office, also includes total store sales, as well as subtotals of cash, debit, and credit sales for the day at that store. A printout of each store's Daily Sales Report is filed at each store by date. The Daily Sales Report provides an audit trail summary of all transaction totals for each register in each store by day. The totals included on the store's Daily Sales Report for each day are also reported on the store's Monthly Sales Report. This report shows daily sales totals for the store each day of the month. An electronic copy of this report is transmitted to the corporate office from each store at month end. And, a printout of the Monthly Sales Report is maintained at each store. The monthly store totals from the Monthly Sales Report are shown as postings from each store in the month-end consolidated General Ledger