Which of the following should be done first when a customer order is received? Pull the items from the warehouse and prepare them for shipping Check to see if the items orders are available in the warehouse Prepare a bill of lading Approve the customer's credit

Which of the following should be done first when a customer order is received? Pull the items from the warehouse and prepare them for shipping Check to see if the items orders are available in the warehouse Prepare a bill of lading Approve the customer's credit

Accounting Information Systems

10th Edition

ISBN:9781337619202

Author:Hall, James A.

Publisher:Hall, James A.

Chapter4: The Revenue Cycle

Section: Chapter Questions

Problem 10MCQ

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What is the accounts receivable ledger? a. A record of credit customers and their balances b. A record of vendors and their balances c. Part of the sales journal d. Part of the general journal e. Part of the general ledger
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Should the purchases journal have a column that is a debit to Accounts Payable?
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Record the following sales transactions of Money Office Supplies.
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Which document helps to ensure that the receiving clerks actually count the number of goods received? a. Invoice b. Shipping notice c. Blind copy of purchase order d. Packing list
When preparing the invoices, the prices come from the A. packing slips B. shipping notices C. purchase requisitions D. bill of ladings E. sales orders
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The purchases and disbursements cycle usually begins when Group of answer choices A user department requests for acquisition of goods or services and submits purchase requisition to the purchasing department. A check is issued to the vendor or supplier. The warehouse received the goods from the vendor or supplier. The accounting posts the purchase transaction in the accounts payable ledger.
Which of the following documents will only be used for internal purposes? O Deposit Slip Bill of Lading Purchase Order Purchase Requisition A voucher is prepared before what transaction? Paying O Ordering Receiving O Requesting
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