Which of the Following Internal Controls Most Likely Would Assure

question 848

Multiple Choice

Which of the following internal controls most likely would assure that all billed sales are correctly posted to the accounts receivable ledger?

• A) Daily sales summaries are compared to daily postings to the accounts receivable ledger.
• B) Each sales invoice is supported by a prenumbered shipping document.
• C) The accounts receivable ledger is reconciled daily to the control account in the general ledger.
• D) Each shipment on credit is supported by a prenumbered sales invoice.

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Definitions:

Anomie Theory

A theory in sociology that suggests societal norms break down due to rapid changes, leading to social instability and deviance.

Unemployment

A state where individuals who are capable of working, actively seeking work, but unable to find a job.

Crime Rates

Crime rates indicate the number of crimes committed per unit of population within a specified time period, typically used as an indicator of criminal activity levels in a region.

Formal Social Control

A system of rules and regulations enforced by recognized institutions or authorities to maintain and establish order within society.