[Solved] Select from the pop-up boxes the top depa

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Posted on Sep 30, 2024

Select from the pop-up boxes the top department to which the sub-department would ideally report in the

sales-receivables-cash receipts cycle. Double-click on each blank box to see a list of answer choices and

click on your selection. Each choice may be used once, more than once, or not at all.

Question 2

Select from the pop-up boxes the two duties and responsibilities that should be separated so that the individual

in each situation is no longer in the position both to perpetrate and conceal errors or fraud for each of the following

lapses in internal control. Double-click on each blank box to see a list of answer choices and click on your selection.

Each choice may be used once, more than once, or not at all.

____	When the shipping clerk packages the product for shipment, the shipping clerk also subtracts the quantity shipped from the inventory ledger.
____	The sales clerk accepts a check from a customer and posts the sale in the general sales subledger.
____	The customer service department of a large retailer handles returns. A customer brings the item they would like returned to the customer service department who issues a refund in exchange for the returned products.
____	The write-off of receivables by personnel who receive cash permits the misappropriation of cash.

1.	Authorization of transaction; Custody of assets
2.	Custody of assets; Recording of transaction.

Question 3

Select from the pop-up boxes the procedure the auditor could implement to test the effectiveness of the

internal control for each of the following situations. Double-click on each blank box to see a list of answer

choices and click on your selection. Each choice may be used once, more than once, or not at all.

____	To determine goods sent to customers are based only on authorized sales orders.
____	To ensure sales orders are properly authorized.
____	To detect failure to invoice a shipment.
____	To verify the completeness of cash receipts for cash sales at a retail outlet.
____	To ensure cash receipts are deposited.
____	To determine that all credit sales transactions of an entity are recorded.
____	To detect a failure to post invoices to customers' accounts ledger.

1.	Match prenumbered shipping documents with entries in sales journal.
2.	Trace sales invoices to account receivable subsidiary ledger.
3.	Vouch bill of lading file to approved sales invoices
4.	Confirm sales orders were sent to the credit department.
5.	Match bill of lading file to approved sales orders.
6.	Observe consistency of employees use of cash registers and tapes.
7.	Compare daily cash receipts totals with bank deposits.

Question 4

Select from the pop-up boxes which term best matches each description of a control. Double-click on

each blank box to see a list of answer choices and click on your selection. Each choice may be used once,

more than once, or not at all.

__1__	This control would require the use of a password to use the accounts receivable file.
__1__	This control uses device authorization tables
__5__	This control would detect if someone entered an alphabetical character into the location for a quantity to be shipped.
__6__	This control would help ensure that mistakes which are discovered are properly considered.
__2__	This control would detect if a sales order was prepared for 400 lots of 100 rather than the correct 4 lots of 100 of a product.
__3__	This control would determine that a customer exists in the accounts receivable master file.
__4__	This control would determine that all information necessary to complete a sales order has been entered.
__3__	This control would detect that an item was ordered by a customer but not stocked.