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: c) simplified description or representation of reality.
Explanation:
Model is defined as the representation of any object, person or real-world component through its structure, illustration, form and description. It helps in enhancing the understanding of the entity through the formation of replica of that entity.
Other options are incorrect because fact, statistic ,observation or any other measurement unit does not describe the model that is representing any real world entity. Thus, the correct option is option(c).