ACC 403 help A Guide to career/Snaptutorial ACC 403 help A Guide to career/Snaptutorial | Page 80

1. The auditor's objectives for the sales and cash collections
activities when the client is primarily an e-commerce business as
compared to a "bricks and mortar" business are:
2. A ________ is a document that is matched with the customer
order to assure that the correct quantity and type of goods are shipped.
3. What event initiates a transaction in the sales and collection
cycle?
4. Who is generally responsible for opening receipts when a
company uses a lockbox to speed the handling of cash receipts?
5. Which of the following is not one of the five classes of
transactions included in the sales and collection cycle?
6. A document sent to each customer showing his or her beginning
accounts receivable balance and the amount and date of each sale,
cash payment received, any debit or credit memo issued, and the
ending balance is the:
7. Which of the following is an account that is not affected by the
sales and collection cycle?