Multiple Choice
A control that may be implemented to ensure all sales that occur are recorded in the general ledger includes which of the following?
A) Use of prenumbered shipping,invoice and sales documents.
B) Use of prenumbered statements,inventory lists and credit memos.
C) Reconciliation of invoices with customer statements.
D) Use of pre-authorized price lists.
Correct Answer:

Verified
Correct Answer:
Verified
Q30: The auditor has determined that the control
Q31: The intentional loading of sales at the
Q32: Accounts receivable presentation and disclosure Develop a
Q33: A tendency for fraud may exist when
Q34: Which of the following is not a
Q36: Confirmation of accounts receivable is generally not
Q37: A method of testing for the completeness
Q38: Lithgow and Harris,CPAs,are performing the audit of
Q39: Accounts receivable risks In the financial statements,there
Q40: What evidence is utilized by the auditor