Assuring That the Accounts Receivable Master Data Reflects All Cash

question 12

Multiple Choice

Assuring that the accounts receivable master data reflects all cash collections recorded in the cash receipts event data addresses the control goal of:

• A) ensure input accuracy
• B) ensure input completeness
• C) ensure update accuracy
• D) ensure update completeness

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Definitions:

Early-stage Financing

Capital provided to young companies or startups to help them grow and scale their operations, typically through venture capital.

Revenue

The income gained from sales of goods or services.

Funds

Financial resources set aside for a specific purpose or project.

Angel Investor

A type of investor who uses his or her own money to provide funds to young startup private businesses run by entrepreneurs who are neither friends nor family.