(d) Write one or two typical entries in each book and show the form of closing in actual use.
(e) As a separate problem:
1. Outline the course of an article from the time the order is placed until the goods reach you. This would be a purchase department record.
2. Outline the course of an article from the time you receive the order until the goods reach your customer. This would be a sales department record.
Note: For both 1 and 2 attach actual forms used or copy of same, if possible.
(f) Information in regard to:
- 1. Terms of sale.
- 2. Treatment of C. O. D. or approval sales on the books.
- 3. Treatment of freight inward on the books.
- 4. Treatment of freight outward on the books.
- 5. Treatment of accounts for containers or boxes to be returned by
- your firm; by your customers.
- 6. Treatment of petty cash. If this has not been furnished under
- (c) 2, give sample page of petty cash.
- 7. Treatment of consigned goods on the books.
- 8. Closing journal entries. If this has been furnished under
- (b) 4, omit.
- 9. Treatment of instalment sales.
- 10. Pay-roll system.
- 11. Your method of entering payment from customers.
- 12. Provision for bad debts.
- 13. Method of providing for depreciation. Give an example.
- 14. Provision for redemption of bonds payable.
- 15. Interest on daily or other balances.
- 16. Proportional discount.
- 17. Assignment of accounts receivable.
- 18. Use of check figures.
- 19. Number of customers.
- 20. Amount of gross sales.
- 21. Amount of gross purchases.
- 22. Methods of obtaining inventories and basis for valuation.
- 23. Usual gross profit.
- 24. Usual gross expense.
- 25. Figuring profits. On selling price or cost price.
- 26. Figuring expenses. On selling price or cost price.
- 27. Use of selling or expense charts or charts of any other kind.
- 28. Insurance carried and manner in which it is written off.
- 29. System of branch or agency accounts.
- 30. Nature of items found in allowances.
- 31. Use of mechanical appliances in offices.
- 32. Filing systems, other than for correspondence.
- 33. Frequency of audits by firm’s staff. By outside parties.
- 34. Cost system in use.
- 35. Date of installation of present system.
- 36. Rate of turnover.
- 37. Treatment of cash sales.
(g) Give:
1. Adverse criticism of any department or part of same which you know from actual experience does not work out as it should.
2. Your opinion as to the cause.