Question: Please, answer the following question .. Thanks a) Looking at the diagram, give a narration of the company's revenue cycle procedures. | Employee Activity Performed

Please, answer the following question .. Thanks a) Looking at the

Please, answer the following question .. Thanks

a) Looking at the diagram, give a narration of the company's revenue cycle procedures. | Employee Activity Performed (sequential, left-to-right across all rows) Sales Clerk Receive Prepare No Customer Issue Sale > Credit Sales Credit Order Order Limite Memo Warehouse Clerk Pick & Pack Order Yes Shipping Clerk Ship to Customer Credit Manager Approved Deny Credit Accountant Prepare & Mail Invoice to Customer Update Accounts Receivable Update Accountants Receivable Deposit Remittances in Bank Cash Collections Clerk Stamp Receive Remittance from Customer "For Deposit Only Monthly Receive & Reconcile bank statement FIGURE 12-20

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