Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1. green-green market ltd is a wholesaler supplyi

1. Green-Green Market Ltd is a wholesaler supplying fresh fruits and vegetables to a...

90.2K

Verified Solution

Question

Accounting

1. Green-Green Market Ltd is a wholesaler supplying fresh fruits and vegetables to a small number of large retail grocery stores across South Africa. Green-Green Market Ltd has recently decided to expand sales to smaller retail grocery stores. The following control procedure takes place in the revenue and receipts cycle:
All journal entries for the write-off of a debtor, are authorised by Mr Doubtful, the credit controller and the senior financial accountant, Mr Moneymaker.
Which one of the following alternatives best describes the function within the receipts and revenue cycle, the above procedure relates to?
a.
Credit Management.
b.
Debtors Masterfile
c.
Receiving customer orders.
d.
Sales authorisation.
e.
Recording of sales.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

4 What is the slope of the line to 2 y 2 2

Finance
1.2K views

A call option with strike price of $100 sells for $3 whereas a call option with...

Biology
1.2K views

Regarding the ABCD Method of Nutrition Assessment, when might the assessment of body mass index (BMI)...

General Management
1.2K views

18. Punitive damages are defined as damages that are awarded to punish the Defendant, to deter...

Accounting
1.2K views

Multiple-Product Break-even, Break-Even Sales Revenue Cherry Blossom Products Inc. produces and sells yoga-training products: how-to DVDs and a...

Physics
1.2K views

13 Two point charges of 30 C and 40 C are 20 cm apart from...

Geometry
1.2K views

Find the exact value of tan G in simplest radical form 74 E G 4...

Basic Math
1.2K views

2 The distance between two towns P and Q is 2 km On a coordinate...

Calculus
1.2K views

Therefore the anti derivative of Question 4 Answer The anti derivative of It is known...

Accounting
1.2K views

John Fleming, chief administrator for Valley View Hospital, is concerned about the costs for tests...

Accounting
1.2K views

For each of the items listed below, identify the proper placement in the income statement...

Finance
1.2K views

A1 X for Condensed financial statements for Games Galore are summarized below: B D...