Which of the following is an aim of the control system relating to accounts payable and purchases?
A、To ensure that all credit notes received are recorded in the general and payables ledger
B、To ensure that goods and services are only supplied to customers with good credit ratings
C、To ensure that all credit notes that have been issued are recorded in the general and receivables ledgers
D、To ensure that potentially doubtful debts are identified
A、To ensure that all credit notes received are recorded in the general and payables ledger
B、To ensure that goods and services are only supplied to customers with good credit ratings
C、To ensure that all credit notes that have been issued are recorded in the general and receivables ledgers
D、To ensure that potentially doubtful debts are identified
【参考答案及解析】
Rationale: All the other aims relate to the control system relating to receivables and sales.Pitfalls: You have to get straight in your mind which transactions and controls relate to payables/purchases and which toreceivables/sales.Ways in: Careful reading of the question should allow you to eliminate options B and D immediately (sales/supply, not purchases). You then have to think how credit notes work - but the fact that Option A mentions the 'purchase' ledger, and Option C the 'sales' ledger should lead you to the right answer
Rationale: All the other aims relate to the control system relating to receivables and sales.Pitfalls: You have to get straight in your mind which transactions and controls relate to payables/purchases and which toreceivables/sales.Ways in: Careful reading of the question should allow you to eliminate options B and D immediately (sales/supply, not purchases). You then have to think how credit notes work - but the fact that Option A mentions the 'purchase' ledger, and Option C the 'sales' ledger should lead you to the right answer