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 .
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Answer:
D) Theater strategic
Explanation:
This is known as a theatre strategic level, as this level of intelligence supports operations within a particular area of responsibility. The name comes from the military concept of "theatre." Theatre refers to a particular area in which important military events are taking place. This can include airspace, land and sea area.
