Which of the following internal control procedures would most likely ensure that all billed sales are correctly

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Which of the following internal control procedures would most likely ensure that all billed sales are correctly posted to the sales ledger?

(a) Each shipment on credit is supported by a pre-numbered sales invoice.

(b) The sales ledger is reconciled daily to the control account in the general ledger.

(c) Each sales invoice is supported by a pre-numbered shipping document.

(d) Daily sales summaries are compared with daily postings to the sales ledger.

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Modern Auditing

ISBN: 9780471230113

1st Edition

Authors: Graham Cosserat

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Question Posted: May 06, 2024 06:00 AM

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Which of the following internal control procedures would most likely ensure that all billed sales are correctly

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Modern Auditing

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