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

Question

Quizplus · Accepted Answer

The accounting department is responsible for billing as it requires recording and tracking of revenue and accounts receivable. This ensures that a proper system of checks and balances can be established, helping to prevent errors and fraud. The credit and collection department focuses on customer creditworthiness and collecting outstanding balances, while the sales and shipping departments are responsible for generating sales and ensuring that the products are delivered to customers.

For Effective Internal Control, the Billing Function Should Be Performed