Which of the Following Internal Control Activities Most Likely Would

question 12

Multiple Choice

Which of the following internal control activities most likely would ensure that all billed sales are correctly posted to the accounts receivable ledger?

• A)Daily sales summaries are compared to daily postings to the accounts receivable ledger.
• B)Each sales invoice is supported by a prenumbered shipping document.
• C)The accounts receivable ledger is reconciled daily to the control account in the general ledger.
• D)Each shipment on credit is supported by a prenumbered sales invoice.

---

Definitions:

IPOs

The process through which a private company offers shares to the public in a new stock issuance, allowing it to raise capital from public investors.