Principal Output Controls Include All but One of the Following

question 88

Multiple Choice

Principal output controls include all but one of the following:

• A)Sequence tests of check stubs
• B)Character control totals
• C)Strict regulation of preprinted forms
• D)all of the above

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Definitions:

Quarterly Sales

The total revenue generated from the sale of goods or services by a company during a three-month period.

Master Budget

A number of separate but interdependent budgets that formally lay out the company’s sales, production, and financial goals and that culminates in a cash budget, budgeted income statement, and budgeted balance sheet.

Sales Budget

A financial plan detailing the anticipated revenues based on projected sales for a specific period, often used for planning and controlling purposes.

Operating Budget

An estimate of income and expenditure for a set period of time.