For effective internal control, the billing function should be performed by the:
A) accounting department.
B) sales department.
C) shipping department.
D) credit and collection department.

Question

Quizplus · Accepted Answer

The accounting department should perform the billing function to ensure effective internal control. This department is responsible for overseeing the financial records of the company and ensuring that financial transactions are recorded accurately and timely. By having the accounting department oversee the billing function, it helps to reduce the risk of errors and fraud in the billing process. Additionally, the accounting department can conduct regular audits to ensure that the billing process is functioning effectively and efficiently.

For Effective Internal Control, the Billing Function Should Be Performed