1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
fenix001 [56]
3 years ago
11

Auditors are especially concerned with three aspects of internal control for the sales and collection cycle. Which of the follow

ing is not one of their major concerns?
A) Controls over cutoff
B) Controls that prevent or detect embezzlements
C) Controls over sales discounts
D) Controls related to the allowance for uncollectible accounts
Social Studies
1 answer:
inessss [21]3 years ago
3 0

Answer:

The correct answer to the following question is option C) control over sales discount .

Explanation:

Sales and Collection cycle is also know as RRR cycle ( which is Revenue, Receivables and Receipts cycle ), which includes many classes of transaction, but the primary ones are sales and cash receipts . This cycle refers to the process which begins with customer buying product or service and ends when business receives payment.

When auditors test the internal control for this cycle they're concerned with controls over cutoff, controls related to allowance for uncollectible accounts and controls that prevent embezzlements .

You might be interested in
Which members are included in the Executive Branch? Select ALL that apply.
JulsSmile [24]

Correct answers are Governor, Lt Governor and Attorney General

All these officials are part of the executive branch with the governor serving as head of the executive at state level. The Lt Governor deputizes the Governor while the attorney general plays an important role in advising the executive on legal matters


6 0
3 years ago
Read 2 more answers
Metropolitan Atlanta is in which of Georgia’s geographic regions? Coastal Plain Appalachian Plateau Piedmont Blue Ridge​
masya89 [10]

Answer: Piedmont

Explanation:

3 0
3 years ago
Read 2 more answers
Thirteen-year-old Ariana is getting more involved in risky behaviors, which has her mother very worried. Ariana is also more imp
icang [17]

Answer:

puberty.

Explanation:

at 13 years of age in both boys and girls they start going through slight changes in the body and in the brain. most/all teens are just angry dwarfs and that explains the rebelling and the smart mouth

3 0
3 years ago
What u.s. political party is widely expected to make gains in the upcoming midterm elections?
alekssr [168]
The democrats because it is
6 0
2 years ago
Last year Butler Inc. entered into an agreement with Parker Partners, an investment bank. It has been a year since Butler first
Oksi-84 [34.3K]

Answer:

Shelf Registration

Explanation:

Shelf Registration  -

It is a type to register into the new stock offerings .

It refers to the type of public share offerings , where the person is capable to sell or offer the securities to the public , without the issue of any prospectus , is referred to as shelf registration .

The issuer has the right to sell the shares within a time frame of two years , where no separate permission is required .

Hence , from the given scenario of the question ,

The correct term is Shelf Registration  .

7 0
3 years ago
Other questions:
  • Congress usually maintains the status quo regarding legislation because
    15·1 answer
  • Explain what farming allowed people to control
    6·2 answers
  • Jamestown was founded because the colonists were fleeing religious persecution. True or False
    6·2 answers
  • An anthropologist examines an ancient human pelvis in an attempt to learn more about its lifestyle. She notices that the pelvis
    5·1 answer
  • Psychological disorder where you look younger than you are
    9·1 answer
  • After Alison saw her sister knock an earring down the drain after setting them next to the sink, Alison began putting her earrin
    12·2 answers
  • Hey Everyone! How Y’all doin?! So my teacher told me to type a Dubai presentation. Some friends helped me come up with ideas. So
    15·1 answer
  • In what ways is share cropping similar to slavery?
    15·2 answers
  • Habits create success which habits do you foresee yourself having to modify to be successful in your career
    8·1 answer
  • How does ophelia account for hamlet’s strange behavior and rude words? she thinks that hamlet is just joking. she thinks that
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!