Which of the Following Is the Most Effective Control Activity

question 63

Multiple Choice

Which of the following is the most effective control activity to detect vouchers prepared for the payment of goods that were not received?

• A)Counting of goods upon receipt in the storeroom.
• B)Matching of purchase order, receiving report, and vendor invoice for each voucher in the accounts payable department.
• C)Comparison of goods received with goods requisitioned in the receiving department.
• D)Verification of vouchers for accuracy and approval in the internal audit department.

---

Definitions:

Confidence Level

The percentage that expresses the degree of certainty in the reliability of a confidence interval.

Confidence Interval

A chain of values, emanating from statistical investigations of samples, which is believed likely to enclose the value of a mysterious population parameter.

Regression Line

A line of best fit through a scatter plot of data points that shows the relationship between two variables.

API Gravity Degrees

A measure of how heavy or light a petroleum liquid is compared to water.