A control procedure designed so that the employee that records cash
received from customers does not also have access to the cash itself is an
example of a(n)
The label for Shape 1 in the flowchart is
Purchase Order 2
Purchase Requisition 1
Accounts Payable Trial
The correct label for Shape 2 in the flowchart is
A "zero balance check" refers to which of the following control
a type of batch total
cross-footing the payroll register
the payroll clearing account shows a zero balance once all
entries are posted
trial balance showing that debits equal c
A delivery of inventory from a vendor, with whom a credit line is
already established, would be initially recorded in which type of accounting
record and as part of what transaction cycle?
purchases journal; expenditure
A method for tracking accounts receivable that matches specific
invoices and payments from the customer is called a(n) _ method.
A monthly statement se
One of the basic activities in the expenditure cycle is the receiving and
storage of goods, supplies, and services. What is the counterpart of this
activity in the revenue cycle?
sales order entry
A listing of journal vouchers by numerical sequence, account number,
or date is an example of
a general ledger control
a budget report.
a batch to be
A type of data entry c