What Event Needs to Occur to Satisfy the Internal Control

question 121

Multiple Choice

What event needs to occur to satisfy the internal control for sales?

• A) The order, shipping, and billing documents are all presented.
• B) The billing documents are prepared.
• C) The goods are ordered.
• D) The good are produced.

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Definitions:

Information

Data that has been processed, organized, or structured in a way that provides value or meaning to the recipient.

Units of Measurement

Standardized quantities used to quantify and describe physical properties of objects or events, such as length, mass, or time.

Quantitative

Relates to, measuring, or measured by the quantity of something rather than its quality, usually referring to data or information that can be quantified.

Numeric Values

Quantitative data represented in number form, which can be used in calculations and statistical analyses.