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
Nicodemus readily accepted Jesus as the Messiah.<br> True<br> False
olga nikolaevna [1]
The answer is False for that one
6 0
3 years ago
A marginal change is a a. change that involves little, if anything, that is important. b. small, incremental adjustment. c. chan
Darina [25.2K]

Answer:

<h3> b. small, incremental adjustment.</h3>

Explanation:

In economics, the term marginal change implies to small incremental change in the existing trend of the market or economy. Marginal change does not usually affect the whole economy but may result in a slight difference in the aggregate results.

For example, if a retailer raises the price of a product from $9 to $10 due to increase in marginal cost of the product, it is a marginal change.

Or suppose the average cost of a bus ticket to the next city cost $20 and the total cost of the 40 seats is $800 dollars. But imagine if three seats remained empty and one passenger who did not book a seat wants to pay $15 for a ticket, the driver will willingly accept the offer because although the average cost of a ticket is $20, the marginal cost is merely the cost of the ticket. The driver has to recover gas money from all the three empty seats.

3 0
3 years ago
Ways to prevent gun violence
Usimov [2.4K]

Answer:

Make the age to buy a gun higher

Explanation:

just simply change the law and make the age higher.

5 0
1 year ago
A sentence using dispossess in it
KatRina [158]
The man dispossess the other mans car for not paying it on time.
5 0
3 years ago
The main reason for the large population growth in Texas between 1850 and 1860 was
navik [9.2K]

Answer:

an enormous number of southerners, many of them enslaved, moved west to expand the cotton belt. The 1860 census counted 169,000 enslaved persons, roughly 30% of the state population. After the civil war, whites continued to arrive from nearby southern states, causing the population to double by 1880 and double again in the following twenty years. African Americans contributed little to this late 19th century migration.

Explanation:

3 0
3 years ago
Other questions:
  • Why do you think Washington felt the need for the U.S. to remain neutral?
    10·1 answer
  • What’s your favourite quote? <br><br><br> That somewhat relates to Social Studies!!
    9·1 answer
  • Which of the following played an important role in the New England Economy
    15·1 answer
  • Which of these laws was created in order to directly protect consumers?
    13·1 answer
  • Describe an example of a differentiated product, such as a car from the United States and a car from Japan.
    15·1 answer
  • Your vehicle must have a horn which can be heard from a distance of _____ feet.
    7·2 answers
  • Sara is waiting for the results of a job interview she appeared for. She is anxious to know about the outcome and hopes that she
    13·1 answer
  • Is a heterogeneous mixture a solution? How do you know?
    13·1 answer
  • Compare the beliefs of the Baha’i community with those of the three Abrahamic religions and point out what is unique to Baha’i.
    8·1 answer
  • All 10 of the main items on the tray menu (except quesadillas) can come with any combination of 13 condiments. quesadillas only
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!