Key documents are used throughout the sales process and each supports an internal control function. Required For

Question:

Key documents are used throughout the sales process and each supports an internal control function.

Required
For each of the following documents, describe its purpose and how it contributes to internal control over the sales cycle:

a. Customer order

b. Sales order

c. Accounts receivable master fi le

d. Shipping document

e. Sales invoices

f. Monthly customer statement

g. Deposit slip

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...

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