The flowchart depicts part of a client's revenue cycle. Some of the flowchart symbols are labeled to
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The flowchart depicts part of a client's revenue cycle. Some of the flowchart symbols are labeled to indicate control procedures and records. For each symbol numbered 61 through 73, select one response from the answer lists below. Each response in the lists may be selected once or not at all.
Transcribed Image Text:
SALES DEPT. From customer Customer purchase order Transmit customer data to computer Customer purchase order #63 COMPUTER PROCESSING DEPARTMENT Cust credit file COMPUTERIZED ORDER PROGRAM #61 and perform adit checks and prepare sales order 462 COMPUTERIZED SHIPPING PROGRAM: Retrieve open orders add shipping data; transfer to shipping file; and prepare shipping documents WAREHOUSE & SHIPPING DEPARTMENT From computer processing dept Sales order Sales order Sales order To warehouse and shipping dept. Shipping doc Shipping document. Inventory master file #701 Sales transaction file Customer P.O. Sales order Sales order To customer COMPUTERIZED UPDATE PROGRAMI Update master files Prepare G/L transaction summary, prepare accounts receivable ledger, prepare aged T/B, and #71 Accounts rec master file Shipping file #66 Sales order 464 465 COMPUTERIZED BILLING PROGRAM Retrieve shipping data enter price data; prepare sales transaction file and #671 Transmit shipping information to computer #68 To customer #69 General ledger transaction summary #72 Accounts receivable ledger #73 To accounting To accounting To accounts receivable To customer credit Sales order 3 Shipping doc Shipping document To Customer with goods
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Related Book For
Auditing An Assertions Approach
ISBN: 9780471134213
7th Edition
Authors: G. William Glezen, Donald H. Taylor
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