Question

Which of the following is true concerning the input validity goal in relation to the RAs in the B/AR/CR process? a. Failure to achieve this goal may result the accounts receivables account being too low b. All of these choices are true concerning the input validity goal in relation to the RAs in the B/AR/CR process c. Failure to achieve this goal may result the cash receipts being completed without actual funds d. Failure to achieve this goal may result the cash account being too high

Answer 1

Answer:

d. Failure to achieve this goal may result the cash account being too high

Explanation:

The B/AR/CR process is part of a revenue cycle, it is regarded as a process in accounting with a structure that interacts with various process that supports how financial managers makes decision. It is a structure of how people activities, equipments and controls helps in creating the free flow of records that supports repetitive routines.