which document is not prepared by the sales department 638122

1. Which document is NOT prepared by the sales department?

a. packing slip

b. shipping notice

c. bill of lading

d. stock release

2. Which document triggers the update of the inventory subsidiary ledger?

a. bill of lading

b. stock release

c. sales order

d. shipping notice

3. Which function should the billing department NOT perform?

a. record the sales in the sales journal

b. send the ledger copy of the sales order to accounts receivable

c. send the stock release document and the shipping notice to the billing department as proof of shipment

d. send the stock release document to inventory control

4. When will a credit check approval most likely require specific authorization by the credit department?

a. when verifying that the current transaction does not exceed the customer’s credit limit

b. when verifying that the current transaction is with a valid customer

c. when a valid customer places a materially large order

d. when a valid customer returns goods

5. Which type of control is considered a compensating control?

a. segregation of duties

b. access control

c. supervision

d. accounting records