User Account

All Pages

Company personnel erroneously recorded a sales transaction

Assignment Help Accounting Basics
Reference no: EM13111679

Describe what is likely to occur if company personnel erroneously recorded a sales transaction for the wrong customer. What if a cahs receipt were applied to the wrong customer? Identify Internal control that would detect or prevent thid from occurring.

Reference no: EM13111679

Questions Cloud

Which membrane transport mechanism is in eukaryotic cell : Which membrane transport mechanism is found in eukaryotic cells.
Hypothesis testing for red blood cell volume : Medical Red Blood Cell Volume. Total blood volume (in ml) per body weight (in kg) is important in medical research. For healthy adults, the red blood cell volume mean is about = 28ml/kg.
Nonlinear adsorption isotherms for metals : A peat soil was found to have the following Langmuir constants for the adsorption of heavy metals. Using the nonlinear Langmuir equation above, show the equations and plot the nonlinear adsorption isotherms for the three metals
Standard deviation and hypothesis testing-shopping time : Shopping time: House wares. How much customers buy is a direct result of how much time they spend in a store. The mean shopping time for women accompanied by children in national house wares stores is 7.3 minutes.
Company personnel erroneously recorded a sales transaction : Describe what is likely to occur if company personnel erroneously recorded a sales transaction for the wrong customer. What if a cahs receipt were applied to the wrong customer? Identify Internal control that would detect or prevent thid from occurri..
Hypothesis testing-college athletics : College Athletics: Graduation Rate. Women Athletes at the University of Colorado Boulder have a long term graduation rate of 67%. Over the past several years, a random sample of 38 women athletes at the school showed that 21 eventually graduated.
Hypothesis testing- fishing northern pike : Fishing Northern Pike. Athabasca Fishing Lodge is located on Lake Athabasca in northern Canada. In one of its recent brochures, the lodge advertises that 75% of its guests catch northern pike over 20 pounds.
Suppositions for distribution of lifetimes of light bulbs : Assume that the random sample of 200 light bulbs has mean life of 635 hours and standard deviation of 48 hours. Before applying Empirical Rule, what suppositions requires to be made about distribution of lifetimes of light bulbs?
Determining osha permissible exposure limits : Suppose that the solvent ethanol could serve to replace the methanol in this process, but at the expense of double the concentrations of the solvent in the atmosphere.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Question on maturity matching principle

Describe the maturity matching principle. What are the risks of not matching maturities? How would you characterize a firm that ignores the principle? Can you think of situations in which it would be advisable for an otherwise prudent firm to dev..

  Floating exchange rate regime

Assume that the U.S. Congress imposes an raise in taxes. Under the floating exchange rate regime, carefully illustrate and describe the process that will generate a new goods market

  Determining single investment amount

Assuming she invests the money her grandmother gives her in a mutual fund that is expected to earn 10%, how much money must she get from Granny if she hopes to meet her early retirement goal?

  Understanding the benefits of accounting

Describe financial statements users (internal and external) . Who will benefit the most from accounting?

  Impairment of fixed assets

Which of the following statements concerning the impairment of fixed assets is true under US GAAP?

  Determining the net present value of project

ynga is a software developer and is considering a project that requires an initial investment of $200,000-The Net Present Value of the project is approximately

  Write an analysis about test of liquidity

Write an analysis about test of liquidity that compare Best buy to Radio Shack and Conn's.

  Shut down condition for a competitive firm-norm fish

orm Fish makes cheap fishing rods and operates in a competitive market.  The company has a fixed cost of $20,000 per period.  In addition the firm incurs production or variable costs depending on its output as follows:

  Internal controls-payroll cycle

Please provide an explanation of the strengths and weaknesses of the internal controls related to the payroll cycle.

  Professionalism in accounting

State how the concept of "professionalism" in the public accounting industry shifted or evolved between Federal Trade Commission's "restraint of trade" decision in the early 1970s and today, several years following passage of the Sarbanes-Oxley Ac..

  Roi and persuasive arguments to see more possibilities

You manage an investment center (evaluated based on the return on investment). Your production manager brings you a potential deal, a large piece of equipment that can help the company save money.

  Governmental accounting and interest expenditure

It is sometimes said that in debt service funds, the accounting for interest revenue is inconsistent with that for interest expenditure. Explain. What is the rationale for this seeming inconsistency?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd