A Control That May Be Implemented to Ensure All Sales

question 35

Multiple Choice

A control that may be implemented to ensure all sales that occur are recorded in the general ledger includes which of the following?

• A)Use of prenumbered shipping,invoice and sales documents.
• B)Use of prenumbered statements,inventory lists and credit memos.
• C)Reconciliation of invoices with customer statements.
• D)Use of pre-authorized price lists.

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Definitions:

Economic Success

A state where desirable financial outcomes are achieved, marked by growth in wealth, profitability, and/or market share.

Authentic Leader

A leader who is genuine, transparent, and ethical, and who leads with their true self.

Competing Preferences

Situations in which individuals or groups have differing desires or choices that are in conflict with one another.

Unethical Behavior

Actions or decisions that violate moral or professional principles, often for personal gain or advantage.