One of the Key Internal Controls to Prevent Transactions in the Sales

question 134

Multiple Choice

One of the key internal controls to prevent transactions in the sales and collection cycle to fictitious customers is to

• A)have the bank reconciliation done by someone who is independent of the treasury function.
• B)account for the integrity of the numerical sequence of sales orders.
• C)compare customer numbers entered to the customer master file.
• D)include the sales price list of all products in the computer files.

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Definitions:

Direct Eye Contact

A form of non-verbal communication that occurs when two people look directly into each other's eyes, indicating various messages or emotions.

Videoconferencing

A method of communication that utilizes video and audio connections for people in different locations to meet virtually.

Regulating Conversations

The process of controlling or guiding the flow, topics, and norms of verbal interaction in social or professional settings.

Mechanistic Perspective

An approach in science and philosophy that sees natural processes as being driven by mechanical forces or entities, often disregarding mental, social, or spiritual explanations.