Question

In: Accounting

4 To survive and prosper an organisation must not only remain profitable, it also must be...

4 To survive and prosper an organisation must not only remain profitable, it also must be able to achieve positive cash flows. Which of the following statements regarding source documents in a revenue cycle is incorrect?

Select one:

The sales invoice is prepared by the billing clerk.

The remittance advice is generated by the customer.

The sales order is prepared by the salesperson.

The packing slip is generated by the shipping clerk.

Solutions

Expert Solution

Out of the given statements the incorrect statement regarding source documents is that remittance advice is generated by customer.

So correct answer is Option B.

ekkarill92 answered 2 years ago
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