To Determine That Sales Are Accurately Recorded, the Unit Prices

question 113

Multiple Choice

To determine that sales are accurately recorded, the unit prices on the duplicate sales invoices are normally compared with:

• A) an approved price list.
• B) the amounts posted to the customer's account in the accounts receivable master file.
• C) the original invoices.
• D) the amounts recorded in the sales journal for that transaction.

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Definitions:

Judicial Review

A legal principle that allows courts to determine the constitutionality of legislative and executive acts.

Original Meaning

The interpretation of the Constitution or law based on the intent and understanding of those who drafted and ratified it.

Living Constitution

The concept that the Constitution has a dynamic meaning or that it has the properties of a living organism and can adapt to changing societal needs without formal amendments.

Writ of Certiorari

A court order from a higher court to a lower court to send up the records of a case for review, often used by the Supreme Court to select cases it wishes to hear.