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1351281
P-6
Arrow company makes almost 98 percent of
its sales on credit, with an average
purchase by its costumer of $500. The
sales collections cycle maybe
summarized as follows:
1. Sale of goods
2. Recording of the sale in companys books
3. Billing of the costumers
4. Receipt of payments
5. Deposit of payments in the banks
a. Identify
1. Sale of goods
- economy and efficiency of
operations
2. Recording of the sale in the
companys books
-Reliability and Integrity of information
1.Pemisahan Fungsi
2. Otorisasi
3.Pembukuan
09/22/15