cquisitions and 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 signs the supplier delivery note.b.A goods received clerk checks the quantity and description of goods delivered against the purchase order and customer delivery note.c.Have a separate designated goods received section which is physically secured and access controlled.d.Perform a superficial test of the condition of the goods delivered, for example broken conten

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.

To stop delivery of goods after learning upon a buyer's insolvency, if a nonnegotiable document of title has been issued for the goods, the carrier or other bailee of the goods ___________.Multiple choice question.should not obey a stop-delivery order issued by the person who consigned the goods to herhas a duty to obey a stop-delivery order issued by a person other than the person who consigned the goods to herdoes not have a duty to obey a stop-delivery order issued by any person other than the person who consigned the goods to hermust obey a stop-delivery order issued by the buyer who is found to be insolvent by the seller

___________may be invoked when the vendor fails to give the delivery on time or is found deficient at the time of carrying out acceptance tests.

The inventory control clerk examines the inventory records for items that must be replenished and prepares a two-part purchase requisition. Copy 1 of the requisition is sent to the purchasing department and Copy 2 is filed.Upon receipt of the requisition, the purchasing clerk selects a supplier from the valid vendor file (reference file) and prepares a three-part purchase order. Copy 1 is sent to  the  supplier,  Copy  2  is  sent  to  the  accounts  payable  department  where  it  is  filed temporarily, and Copy 3 is filed in the purchases department.A  few  days  after  the  supplier  ships  the  order,  the  goods  arrive  at  the  receiving department.  They are inspected, and the receiving clerk prepares a three-part receiving report describing the number and quality of the items received. Copy 1 of the  receiving  report  accompanies  the  goods  to  the  warehouse,  where  they  are secured and the receiving report is filed. Copy 2 is sent to inventory control, where the clerk posts it to the inventory records and files the document.  Copy 3 is sent to the accounts payable department, where it is filed with the purchase order.A day or two later, the accounts payable (AP) clerk receives the supplier’s invoice (bill) for the items shipped. The clerk pulls the purchase order and receiving report from  the  temporary  file  and  compares  the  quantity  ordered, quantity  received,  and the  price  charged.  After reconciling the three documents,  the  clerk  enters  the purchase in the purchases journal and posts the amount owed to the accounts payable subsidiary account.On the payment due date, the AP clerk posts to the AP subsidiary account to remove the liability and prepares a voucher authorizing payment to the vendor. The voucher is then  sent  to  the  cash  disbursements  clerk.  Upon receipt of  the  voucher,  the  cash disbursements clerk prepares a check and sends it to the supplier. The clerk records the check in the check register and files a copy of the check in the department filing cabinet.

If goods have been delivered to a buyer on condition that the seller retains title until full payment:a.the buyer acquires title on full payment;b.none of the above.c.the buyer acquires title on delivery;d.the buyer acquires title before full payment if the goods have been safely stored on the buyer’s premises;