For effective internal control, it is important that sales be recorded as soon after the customer order is received as possible to prevent the unintentional omission of transactions from the records and to make sure that sales are recorded in the proper period.

Question

Quizplus · Accepted Answer

Sales should be recorded when the goods or services are delivered, not when the order is received, to ensure accurate revenue recognition and compliance with accounting principles.

For Effective Internal Control, It Is Important That Sales Be