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The ordering function - objective of this function is to record orders from customers and initiate action to fill them.
The dispatch function - objective of this function is to fill accepted orders promptly and accurately and to ensure only authorised orders are acted on.
The invoicing function - objective of this function is to notify the customer promptly of amounts due for goods supplied.
The revenue recording function - objective of this function is to record the sales made and to raise the corresponding debtor promptly.
The credit management function - objective of this function is to limit the loss from bad debts and to encourage debtors to pay promptly.
Basic controls
Controls over cash
Controls over bank account.
Goods returned vouchers;
Credit note returns and allowances journals;
Debtors journal;
General ledger.
Good returned:
Adjustments:
Controls: