w-11 - Revenue T ransaction Cycle Outline I. Basic...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Revenue T ransaction Cycle Outline I. Basic operations a. Display supplies b. Take orders in showroom c. Traveling salesmen take orders d. Distribution center is located on same lot as showroom/office building i. Fills and ships orders I I. Order processing a. In store sales are primarily cash (cash, check, credit card) b. Credit sales are subject to the approval of Jane or William i. Approved based on gut- few sales are turned away c. Sales orders on credit are marked either approved or denied i. 1 copy made for denied 1. 1 copy and originals sent to Jane ii. 2 copies made for approved 1. One is sent to twins to fulfill order 2. 1 copy and originals sent to Jane a. Prepares a report for each salesperson i. Lists both sales orders denied and approved b. Sends report and originals to sales people i. Sales people notify customers of denied credit 1. Throw paperwork away or in trash c. Files copies of approved until a shipping notice is received d. Throws copies of denied away I I I.ShippingI I I....
View Full Document

Page1 / 3

w-11 - Revenue T ransaction Cycle Outline I. Basic...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online