From the Following Which Would Not Be an Appropriate Control

question 41

Multiple Choice

From the following which would not be an appropriate control procedure for the invoicing of customers?

• A) checking the existence of a dispatch note matching the approved sales order before an invoice is prepared.
• B) using an authorised price list when preparing the invoice.
• C) comparing totals for dispatch notes with totals for invoices.
• D) segregating filling and dispatching sales orders.

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Definitions:

Focal Date

The date selected for the calculation of equivalent values.

Compounded Annually

Definition: Refers to the calculation and addition of interest to the principal sum of a loan or deposit once every year.

Debt

money that is owed or due to be paid to someone else, often as a result of borrowing funds.

Investment Account

An account held at a financial institution that is used for investing in securities, such as stocks, bonds, and mutual funds.