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Assignment 4
Textbook Assignment:
“Receipts and Expenditures (continued) and Ship’s Store Operations.”
Pages 5-5 through 6-4.
Learning Objective:
Identify the
procedures for checking,
processing, posting, and
distributing various types of
documents. (Continued)
IN ANSWERING QUESTIONS 4-1 THROUGH 4-6 REFER
THE AUDITING OF POSTING PROCEDURES.
4-1.
When correct posting procedures are
followed, discrepancies in counting
between the authorized inspector and
TO
the receiving storekeeper should be rare
events.
1.
True
2.
False
4-2.
As an auditor, you should establish
a system by which you can examine the
receipt procedures used by your
recordskeeper.
1.
True
2.
False
4-3.
The amount posted to your Journal of
Receipts should represent the amount that
results from correct posting procedures.
Which of the following series of steps
represents
the correct sequence to be
followed?
1.
2.
3.
4.
Basic cost of merchandise, less
discount (if any), less credit (if
any), plus transportation
Basic cost of merchandise, plus
transportation, less credit (if any),
less discount (if any)
Basic cost of merchandise, less
discount (if any), plus
transportation,
less credit (if any)
Basic cost of merchandise, less
credit (if any), plus transportation
less discount (if any)
4-4.
In a combined operation, receipts posted
in the Financial Control Record (NAVSUP
235) should be at what value?
1.
Coat price only
2.
Retail price only
3.
Cost price less credit
4.
Cost price less discount
4-5.
posting copies of receipt documents
should be initialed to show that all
posting has been done.
1.
True
2.
False
Learning Objective: Recognize the
auditing procedures to be followed
in the processing and distribution
of dealers’ bills.
4-6.
In processing a dealer’s bill for
payment, all of the following documents
must be forwarded as supporting documents
EXCEPT which one?
1.
2.
3.
4.
One copy of the DD Form 1155
The authorized inspector’s original
certification copy of the DD Form
1155
The responsibility copy of the
DD Form 1155
The original and three copies of
the dealer’s bill
4-7.
You should submit dealer’s bills for
payment to which of the following persons
or activities?
1.
Navy Finance Center
2.
Navy Accounts and Finance Center,
Washington, D.C.
3.
Local disbursing officer
4.
Nearest paying activity for
preparation of public vouchers and
payment (FAAOC)
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