Which of the Following Controls Ensures the Accuracy of Transactions

question 32

Multiple Choice

Which of the following controls ensures the accuracy of transactions in the revenue process?

• A) Every transaction is reviewed at the end of the month.
• B) Independent checks should be made to ascertain that the correct prices are being charged to pre-approved customers.
• C) Invoice quantities and amounts should be verified against the sales order and shipping records, with discrepancies reported if over a certain amount.
• D) All of the above ensure the accuracy of transactions in the revenue process.

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Definitions:

Circular Pitch

In gear design, the distance measured along the pitch circle between corresponding points on adjacent teeth.

Root Diameter

The diameter of a gear or screw measured at the base of the teeth or threads, where the material is the thickest.

Bevel Gears

Gears with intersecting shafts and conically shaped teeth that are used to change the axis of rotation in machinery.

Intersecting Axes

The point or line where two or more axes meet or cross each other.