For Sales Returns,the Least Effective Control to Prevent Fraudulent Processing

question 53

Multiple Choice

For sales returns,the least effective control to prevent fraudulent processing of a credit memo is to

• A) reconcile total of credit memos to total debits posted to customers' subsidiary ledgers.
• B) require approval for each credit memo by the credit manager.
• C) sequentially prenumber all credit memos and perform a sequence check at the end of each day.
• D) match each credit memo with a receiving report.

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Definitions:

Down Syndrome

A genetic disorder caused by the presence of an extra 21st chromosome, leading to distinctive physical features and varying degrees of intellectual disability.

Chromosome 21

A chromosome in humans that is associated with the physical and cognitive manifestations of Down syndrome when an individual has three copies.

Klinefelter Syndrome

A genetic condition where males have an extra X chromosome, leading to physical and cognitive development symptoms.

Pituitary Gland

A pea-sized gland located at the base of the brain that produces hormones regulating growth, metabolism, and reproductive functions.