In the warehouse function in the revenue and receipts cycle, identify best be control to mitigate the risk of incorrect items and quantities being picked.a.Gate controls should check that all goods delivered appear on the delivery list and are supported by delivery notes.b.Warehouse clerk to check goods picked against the picking slip.c.Delivery notes and picking slips to be matched and filed numerically.d.The invoice clerk should compare the details on the internal sales order and delivery notes.

Select the correct alternative to complete the sentence pertaining to the revenue and receipts cycle. An Internal Sales Order is authorised by signature by the credit controller before being sent to the warehouse. The objective of this control is to ensure that ______.a.the sale is made to a customer who can pay their accountb.goods are indeed in stock to be despatchedc.the recording of incorrect or incomplete order details is preventedd.the sales order is acted upon timeously

payment cycle, the risk of acceptance of short deliveries as full deliveries in the receiving of goods function, can best be mitigated by the following control:a.A goods received clerk checks the quantity and description of goods delivered against the purchase order and customer delivery note.b.Have a separate designated goods received section which is physically secured and access controlled.c.A goods received clerk signs the supplier delivery note.d.Perform a superficial test of the condition of the goods delivered, for example broken content.

What features of cash receipt internal control system would be expected to prevent the cash receipts journal and recorded cash sales from reflecting more than the amount shown on the daily deposit slip? * The shipping department then packs the merchandise, arranges transportation with a common carrier, and prepares a shipping document. The shipping document is a multi-copy document that lists the items, gives instructions to the common carrier as to whom and to what the address to ship the merchandise, and may serve as a packing slip for the merchandise. Copies of the shipping document are given to the carrier, and copies are sent to the billing department. All of the above

Within GBI, Sergey Petrov (the Warehouse Employee) is tasked with Pick/Pack and Ship, while Sandeep Das (the Warehouse Manager) is responsible for Posting the Delivery Record. Based on this information alone, which statement is most correct regarding this allocation of duties:Group of answer choicesThe allocation provides a segregation of duties between the person handling inventory and the person maintaining the inventory records, therefore, it is an effective control.Sergey and Sandeep can collude to steal bikes from the warehouse and adjust the records to cover it up, therefore, it is an ineffective control.We cannot assess the effectiveness of this control without a better understanding of the actual (physical) pick, pack and ship process.Both Sergey and Sandeep are in the warehouse, therefore, the separation of tasks has no impact on the effectiveness of controls.

Which department prepares the bill of lading?Select one:a.warehouseb.shippingc.creditd.sales