A Graphic Representation of an Accounting Application That Normally Identifies

question 12

Multiple Choice

A graphic representation of an accounting application that normally identifies key controls that are effective in achieving specific control policies and procedures is:

• A)an internal control questionnaire.
• B)a flowchart.
• C)an internal control narrative.
• D)a walk-through.

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Definitions:

Sales Receipts

Documents that provide detailed information about a sale transaction, including the date of sale, items sold, and amounts charged.

Customer Sales

The revenue transactions that occur from selling goods or services to customers.

Invoices

Documents issued by a seller to a buyer that detail products or services sold, including quantities and agreed prices for products or services the seller has provided.

Inventory

The total amount of goods and materials held by a business for the purpose of resale or production.