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
Answer:A
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