Question 1: The following question deal with internal controls in the sales andcollection cycle. Choose the best response.The accounting system will not post a sales transaction to the sales journal without avalid bill of lading number. This control is most relevant to which transaction-relatedobjective for sales?(1)Accuracy(3) Completeness(2) Occurrence(4) Posting and summarization
Question 2:Which of the following is most likely to be detected by an auditor’s review of an entity’s sales cutoff?
Question 3: When goods are received, the receiving clerk should match the goods with:
Question 4: In a properly designed purchasing process, the same employee most likelywould match vendors’ invoices with receiving reports and also: