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DPA 5043
RAHAYU BT HASSAN
REVENUE
AND
EXPENSES
GROUP MEMBERS :
PAVITRA A/P B.MOHAN(06DAT15F2015)
SHOBA A/P SERIDARAN (06DAT15F2025)
SHUBASHINI A/P SEVARAM(06DAT15F2045)
LISANTHINI A/P VASUDEVAN(06DAT15F2060)
REVENUE
Revenue is the income that a business has
from its normal business activities, usually
from the sale of goods and services to
customers.
Revenue is also referred to as sales or
turnover.
Some companies receive revenue from
interest, royalties, or other fees.
PURPOSE OF AUDITING
THE REVENUE
ORDER ENTRY - Acceptance of customer
orders for goods and services into the system
in accordance with managemaent criteria and
policies.
CREDIT AUTHORISATION – Appropriate
approval of customer orders for credit
worthinners.
SHIPPING - Shipping of delivery of goods
that has been authorised.
Supplier invoice
Bill from supplier.
Description and quantity
of the goods or services
provided.
voucher
To control payment