Common Types of Independent Checks Within the Revenue Process Include

question 59

Multiple Choice

Common types of independent checks within the revenue process include all of the following, except:

• A)Verification of information in the sales journal and on sales invoices
• B)Verification of the bank statement and the cash account in the general journal
• C)Reconciliation of accounts receivable detail with invoices and with the general ledger
• D)Reconciliation of inventory records with actual (counted) quantities on hand

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Definitions:

Macules

Flat, distinct, discolored areas of skin that are not raised above the surrounding skin.

Lipid-soluble

The term lipid-soluble describes substances that can dissolve in fats and oils, allowing them to pass easily through cell membranes that consist of lipid bilayers.

Furuncles

Also known as boils, these are painful, pus-filled bumps under the skin caused by infected hair follicles.

Friction

The resistance that one surface or object encounters when moving over another, often producing heat.