Multiple Choice
Which of the following key controls helps ensure that sales transactions are classified to the correct account?
A) Computer checks for gaps in shipping document numbers.
B) Invoices are prepared using prices and terms from the customer master file.
C) Management reviews sales reports regularly for reasonableness.
D) Posting is done automatically to the sales account based on periodic totals.
Correct Answer:

Verified
Correct Answer:
Verified
Q13: The auditor obtains corroborating audit evidence for
Q14: The two primary classes of transactions in
Q15: A risk of material misstatement in accounts
Q16: The defalcation process that postpones entries for
Q17: A document that is used to describe
Q19: Most companies recognize sales when<br>A)a customer order
Q20: Your audit client has many different types
Q21: The auditor traces items from the journals
Q22: To gather evidence about transactions with related
Q23: One of the most important test of