1. A list of the different books and blanks used to record the
financial transactions.
2. A sample page or blank or a copy of each item listed under 1.
Note: If the copy should require a great deal of space, simply
give the form of ruling, headings, and size of page.
(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.
(h) Constructive criticism of any department or part of same which
you think would make it more effective or less expensive if conducted
according to your plan.
(i) Anything peculiar to your business which has not been included in
any of the previous divisions.