Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What specific areas of your computerized accounting system would you review to verify the legitimacy of this billing or to prove it's not an accurate

  1. What specific areas of your computerized accounting system would you review to verify the legitimacy of this billing or to prove it's not an accurate billing? Be specific.
  2. What is the financial statement impact ofenteringthis incorrect bill in your computerized system? If it wasn't caught as an incorrect billing and was entered in your system, what is the effect ofpayingthis bill on your financial statements? Consider all accounts and statement impacts in your response.
  3. After determining this is not an accurate billing and that you won't be paying this bill, is there need to record this in your computerized accounting system anywhere? Why or why not?
  4. Now that you have analyzed the impacts of this inaccurate billing and have determined that you don't need to pay this bill, you need to respond to the vendor so they can clear their records and remove this charge from your account. In the same document but on a new page, respond an email response to the vendor regarding the inaccurate billing.
  • Be clear and professional in your response and exercise proper etiquette, as this is an email being sent external of your organization.
  • Follow the proper email format.
  • Use the following contact information in your communication:
  • Contact Name: Chen May, Billing Manager

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

Business Law And The Legal Environment

Authors: Jeffrey F Beatty, Susan S Samuelson

9th Edition

0357633369, 978-0357633366

More Books

Students also viewed these Law questions

Question

The relevance of the information to the interpreter

Answered: 1 week ago