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Revenue Cycle Summary Accounting Information Systems
Revenue Cycle Summary Accounting Information Systems
IT control
- Passwords
- Multilevel security
9. What is Point-of-Sale System (POS)?
This system is used in retail stores, such as grocery store, where inventories are kept on
shelves rather than in separate warehouses.
10. discuss the end-of-day procedures in the revenue cycle.
At the end of the day, cash clerks prepares a deposit slip then is escorted by armed guards
to the bank for safety purposes.