Which of the Following Is an Example of a Control

question 73

Multiple Choice

Which of the following is an example of a control activity that satisfies the accuracy control objective for sales invoices?

• A)Recorded sales in the sales journal are supported by invoices.
• B)Invoices, shipping documents, and sales orders are prenumbered and the numerical sequence is checked.
• C)Sales are recorded in the proper account.
• D)Invoice quantities are compared to shipment and customer order quantities.

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Definitions:

Public

Public typically refers to anything that is open to the general population, or pertaining to the people as a whole.

Inflation Rate

The percentage change in the price index from the preceding period

Federal Reserve

The central banking system of the United States, responsible for monetary policy, financial regulation, and stability.

Money Supply Growth

The rate at which the amount of money available in an economy increases over a specific period, influencing inflation and economic activity levels.