Control and accounting information systems suggested answers to discussion questions


An unexplained decrease in the gross profit percentage has occurred



Download 197.32 Kb.
Page35/41
Date17.12.2020
Size197.32 Kb.
#55091
1   ...   31   32   33   34   35   36   37   38   ...   41
rais12 SM CH07
An unexplained decrease in the gross profit percentage has occurred.
Granting unauthorized discounts or credits to customers.
Theft of inventory

Customers given lower, preferential sales prices


Unrecorded sales

Require the approval of a responsible party before granting customer discounts or credits.


Count all inventory when received at the warehouse and at the storeroom; reconcile the counts.

Bar codes and RFID tags to facilitate counts


Hold storeroom employees responsible for all inventory losses.
Require the approval of a responsible party before granting preferential sales prices
Require the use of pre-numbered sales documents and do not allow inventory to leave the warehouse without an accompanying sales document.


8


Download 197.32 Kb.

Share with your friends:
1   ...   31   32   33   34   35   36   37   38   ...   41




The database is protected by copyright ©ininet.org 2024
send message

    Main page