Operation Audit of Sales and Cash Receipt in Retail Industry

Authors

  • Bambang Leo Handoko
  • Daniel Aldri Gunawan

Abstract

The purposes of research were to explore and evaluate a weakness of sales and receive cash functions in retail industry. The method applied was a literature study and a field study by doing observation, interviews, and collecting documents from a part of the division in retail industry. The research results indicated that sales and receive cash functions are effective and efficient but there were things that didn't work in line with its procedures. It was suggested that the company has a policy for sales returns, late payment of accounts receivable, and bad debts, also has a written policy and procedure. In conclusion, overall the company has an oral policy and procedure thus the company can do quite effectively and efficiently, although there are still some weaknesses to improve, such as: clear three-way regulations, a computerized system, clear sanctions for violating regulations, and a neater and structured administrative system.

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Published

2020-04-13

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Section

Articles