A customer payment of $247 was correctly posted in the general ledger but was recorded as $274 in the customer's account receivable. Describe a specific internal control procedure that would detect this error.
What will be an ideal response?
reconcile the accounts receivable control account to the accounts receivable subsidiary ledger; compare control totals of cash received with total credits to A/R subsidiary ledger
PTS: 1
You might also like to view...
When you don’t recall operator precedences you can
a) Look in a table of precedences b) Guess c) Use parentheses d) Experiment with the compiler
Jodi is new to Java generics. She has proposed the following method. Will it work? If not, what has to be changed to make it work?
``` 1 // method to compute total perimeter of a collection of Shapes 2 public double totalPerimeter( Collection c ) { 3 double total = 0.0; 4 5 for( Shape s : c ) 6 total = total + s.getPerimeter(); 7 return total; 8 } ```
How do you download Media Files from the Microsoft Office Web site to a PowerPoint presentation?
What will be an ideal response?
Case Based Critical-Thinking Questions ? Case 2-1 Harold has been working as a real estate agent. He has a lot of housing data to report and needs help organizing his data sheet for an effective presentation. ? ? Harold needs to format several cells with 11pt Calibri font, two decimal places, right-aligned, and a blue font color. The most efficient way to accomplish this would be to _____.
A. use Format Painter B. format each element using the Toolbar C. select all cells and use the Formatting dialog box D. apply a table style