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

60.1K

Verified Solution

Question

Accounting

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.

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