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  3. Study Set
    Auditing and Assurance Services Study Set 1
  4. Exam
    Exam 14: Audit of the Sales and Collection Cycle: Tests of Controls and Substantive Tests of Transactions
  5. Question
    For a Firm That Practices Good Internal Controls in the Sales
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For a Firm That Practices Good Internal Controls in the Sales

Question 48

Question 48

Multiple Choice

For a firm that practices good internal controls in the sales and collections cycle, the function of indicating credit approval should be recorded on which of the following documents?


A) Sales order
B) Sales invoice
C) Customer order
D) Remittance advice

Correct Answer:

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