Which of the Following Is an Example of a Key

question 89

Multiple Choice

Which of the following is an example of a key internal control for an online system that would help ensure that recorded sales are for the amount of goods shipped and are accurately billed and recorded?

• A)Shipping documents are matched to invoices.
• B)Shipping details and price list are automatically used as the invoicing source.
• C)Shipping documents are prenumbered and accounted for.
• D)Transactions are summarized daily for posting to the general ledger.

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Definitions:

Jury Duty Pay

Compensation received for serving as a juror in legal proceedings.

Income

Earnings received from various sources, including employment, investments, and business activities.

Record The Income

This process involves documenting all revenue or income received by an individual or business for accounting and tax reporting purposes.

Repair

Costs incurred to restore an asset to its previous working condition or to maintain its current operating condition without improving it.