Which of the Following Would Be a Step in an Internal

question 13

Multiple Choice

Which of the following would be a step in an internal control program?

• A)Obtain an aged trial balance of the accounts receivable.
• B)Prepare and send confirmations on a sample of customers' accounts receivable.
• C)Assess the control risk for sales and collections.
• D)Read sales contracts for evidence of customers' rights of return or price allowance terms.

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Definitions:

Digital Era

The current period characterized by the widespread use of digital technologies transforming social, economic, and cultural dynamics.

Technological Innovations

The development and application of new technologies and ideas that improve products, processes, or services.

Sales Manager

A person who directs an organization's sales team, oversees its operations, and strives to achieve sales targets.

Order-taker

An individual whose primary job responsibility is to take customer orders in a retail or B2B setting, often without the requirement to upsell.