Tracing Copies of Computer-Prepared Sales Invoices to Copies of the Corresponding

question 40

Multiple Choice

Tracing copies of computer-prepared sales invoices to copies of the corresponding computer-prepared shipping documents provides evidence that

• A)Shipments to customers were properly billed.
• B)Entries in the accounts receivable subsidiary ledger were for sales actually shipped.
• C)Sales billed to customers were actually shipped.
• D)No duplicate shipments to customers were made.

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Definitions:

Semi-annually Return

The rate of return on an investment calculated by compounding interest twice a year.

Investment

The action or process of allocating resources, usually money, with the expectation of generating an income or profit.

Effective Annual Rate

The interest rate that is adjusted for compounding over a given period, representing the actual annual return on an investment.

Semi-annually Return

The return on an investment calculated twice a year, showing the investment's performance over each six-month period.