Which of the Following Questions Included in an Internal Control

question 35

Multiple Choice

Which of the following questions included in an internal control questionnaire would evaluate the valuation objective of revenues?

• A)Is customer credit approved before orders are shipped?
• B)Are sales orders prenumbered?
• C)Are shipping documents required before a customer invoice is sent?
• D)Are payments received from the customer deposited in the bank in a timely manner?

---

Definitions:

Aging

The process of becoming older, which involves a number of biological, psychological, and social changes over time.

Maximum Life Span

The oldest possible age that members of a species can live under ideal circumstances. For humans, that age is approximately 122 years.

Life Expectancy

The average number of years an individual is expected to live, based on statistical averages of age-specific death rates.

Wear-and-Tear Theory

A concept in aging that suggests the body deteriorates progressively due to accumulated damage from environmental factors.