A Client Erroneously Recorded a Large Purchase Twice

question 4

Multiple Choice

A client erroneously recorded a large purchase twice.Which of the following internal controls would be most likely to detect this error in a timely and efficient manner?

• A) Footing the purchases journal.
• B) Reconciling vendors' monthly statements with subsidiary payable ledger accounts.
• C) Tracing totals from the purchases journal to the ledger accounts.
• D) Sending written quarterly confirmations to all vendors.

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Definitions:

Durkheim's Contemporaries

Individuals who lived and worked during the same time period as Émile Durkheim, a prominent sociologist known for his contributions to the field of sociology.

Innu

Indigenous peoples who traditionally inhabit parts of Canada, particularly in Quebec and Labrador, known for their rich cultural heritage and traditions.

Suicide Rates

The number of suicide deaths in a given population over a specified period of time, often expressed per 100,000 individuals annually.

Labrador

A geographic and cultural region within the larger province of Newfoundland and Labrador in Canada, known for its rugged terrain and significant indigenous population.