Audit Of the Sales cycle

The function of recording accounts receivable : note receivable arising due to a credit sale transaction.

 

DOCUMENT

the documents contained on the revenue cycle is : 

1. Mail order shipping : items are shipped must be in accordance with the quantity and specifications listed  on the document.

2. Credit : credit status effluent customer obtained authorization to obtain a credit sales.

3. a letter of acknowledgement : notification about an item that has been accepted and is in the procces of billing by the sales function.

4. Load letter : proof that the goods have been handed over to the public transport companies by the company.

 

ACCOUNTING ENTRY

The accounting records on revenue cycle :