For Each of the Tests of Controls for Sales and Receivables,indicate

question 66

Short Answer

For each of the tests of controls for sales and receivables,indicate the assertion that is supported by placing the correct letter in the blank.
_____A. Scan sales invoices for missing numbers in sequence.      1. Accuracy
______B. Perform arithmetic recalculation of a sample of              2. Completeness recorded sales invoices.
______C. For a sample of recorded sales, determine whether          3. Oecurrence credit was approved.
_______D. Trace a sample of credit memos to postings in               4. Completeness customers' accounts.
_______E. Select a sample of customer accounts and vouch           5. Accuracy debits to sales invoices.

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Definitions:

Objective Data

Information that is factual and quantifiable, not influenced by emotions, opinions, or personal bias.

Work Dimensions

Refers to the various aspects and attributes of a job, including its responsibilities, workload, and complexity.

Personal Trait

An enduring characteristic or quality of an individual that influences behavior and attitudes.

Productivity

The measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.