Acca paper F1 fia diploma in Accounting and Business Accountant in Business (AB/fab) exam kit

Which of the following controls would help JBB to avoid this problem?
(i) 
Agree goods despatched note (GDN) to original order 
(ii) 
Match invoice to GDN 
(iii) 
Match orders sent to invoices raised 
(iv) 
Regular sales ledger reconciliations 
A (i) 
only 
B 
(i) and (ii) only 
C 
(i) and (iii) only 
D 
(ii) and (iv) only
 (2 
marks) 
 
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P AP E R F 1 ( F A B ) :
AC COU N TAN T IN B US INES S
 
40
KA P LA N P UBL I SH IN G 
179 Noel is considering introducing a number of control systems into his business. However, 
he is uncertain about what this would accomplish. Which of the following is NOT a 
purpose of organisational control systems? 
A 
Safeguarding of company assets 
B 
Prevention of errors 
C Increased 
profitability 
D Increased 
efficiency
 
(2 marks)
180 Which of the following would ensure that the sales cycle results in prompt payment? 
A 
Orders are processed by qualified personnel only 
B 
Checking the goods are in inventory before dispatching them 
C 
Each item has its own code 
D 
Checking the creditworthiness of the customer
 
(2 marks)
181 The most secure and easy way to verify payments to staff is by: 
A 
sending company cheques 
B using 
BACS 
transfers 
C 
paying people in cash 
D 
asking staff to visit the accounts office to receive their wages
(2 marks)
182 To add security to the process, cheques issued for a large amount of money will often 
involve: 
A 
a faster clearing process at the bank 
B 
the approval of a senior member of the accounts department 
C two 
signatories 
D 
automated checks on signatures