Question 3:

A:

In maintaining the account receivable the method that applies a customers payment to the account balance without consideration of which unpaid invoices the customer is paying is:

1. Matching
2. Cycle Billing
3. Turn around.
4. Balance forward
5. Opening Invoice

B:

Which item below is not considered a major input to the general ledger and reporting system?

1. Reports from managers
2. Financing and investing activities
3. Adjusting entries
4. Summary entries from the major subsystems.

C:

An invoice is generated in the:

1. Sales order creation process
2. Cash receipts process
3. Shipping process
4. Billing process
5. Picking process

D:

Which of the following is NOT a managerial planning or control report?

1. Sales analysis and profitability analysis
2. Investment availability
3. Analysis of bad debt and credit policies
4. Effectiveness of advertising and promotion