Which of the following tests of controls most likely would help assure an auditor that goods shipped are properly billed?
A. Scan the sales journal for sequential and unusual entries.
B. Examine shipping documents for matching sales invoices.
C. Compare the accounts receivable ledger to daily sales summaries.
D. Inspect unused sales invoices for consecutive prenumbering.
B. Examine shipping documents for matching sales invoices.
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How would outstanding checks be dealt with in a bank reconciliation?
a. added to company's book balance b. deducted from company's book balance c. added to bank statement balance d. deducted from bank statement balance
An effective system of internal control requires that individuals take periodic vacations
Indicate whether the statement is true or false
The assumptions of multiple regression include all of the following except:
a. The independent variable must be a valid predictor of the dependent variable. b. Mixed costs cannot be separated into fixed and variable components. c. The circumstances of the regression model remain constant. d. Regression analysis must be used within a relevant range of activity.
Ideas are more interesting and appealing if they are expressed from the receiver's viewpoint
Indicate whether the statement is true or false