One of the Key Internal Controls to Prevent Transactions in the Sales

question 134

Multiple Choice

One of the key internal controls to prevent transactions in the sales and collection cycle to fictitious customers is to

• A)have the bank reconciliation done by someone who is independent of the treasury function.
• B)account for the integrity of the numerical sequence of sales orders.
• C)compare customer numbers entered to the customer master file.
• D)include the sales price list of all products in the computer files.