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Question 7: (6 marks) Outline and describe the: 4 main process activities in the Revenue transaction cycle. (List & describe them briefly). Some common controls

Question 7: (6 marks)

Outline and describe the:

  • 4 main process activities in the Revenue transaction cycle. (List & describe them briefly).
  • Some common controls that organisations can undertake to ensure the security of company assets when receiving and recording payments. (2 examples)

Subject : Accounting Information system

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