Select from the option list provided to match each department or person involved in the sales-receivables-cash receipts cycle with the associated control. Each choice may be used once, more than once, or not at all. Safeguards the cash and checks prior to deposit in the bank Releases goods only upon receipt of a valid copy of a sales order Matches copies of documents to ensure that all customers are invoiced Checks are immediately endorsed "For Deposit Only" Only remittance advices are forwarded here for posting to customer Approved Customer orders are required before sales orders are released for processing Goods sent to customers based only on authorized sales orders Goods are paid for only when proper documentation is on hand to support a payment Investigates potential customers and their likelihood to pay Provides the check balance for the sum of the accounts receivable 1. Inventory warehouse 2. Shipping department 3. Credit manager
Select from the option list provided to match each department or person involved in the sales-receivables-cash receipts cycle with the associated control. Each choice may be used once, more than once, or not at all.
Safeguards the cash and checks prior to deposit in the bank
Releases goods only upon receipt of a valid copy of a sales order
Matches copies of documents to ensure that all customers are invoiced
Checks are immediately endorsed "For Deposit Only"
Only remittance advices are forwarded here for posting to customer
Approved Customer orders are required before sales orders are released for processing
Goods sent to customers based only on authorized sales orders
Goods are paid for only when proper documentation is on hand to support a payment
Investigates potential customers and their likelihood to pay
Provides the check balance for the sum of the accounts receivable
| 1. Inventory warehouse |
|
| 2. Shipping department |
|
| 3. Credit manager |
|
| 4. Sales department |
|
| 5. General ledger |
|
| 6. Cash receipts |
|
| 7. Mail room |
|
| 8. Accounts receivable clerk |
|
| 9. Billing department |
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