Which of the following control activities would most likely assure that no fictitious billings have been posted
Question:
Which of the following control activities would most likely assure that no fictitious billings have been posted to the sales journal?
a. The accounts receivable master file is compared with the general ledger control account.
b. Each shipment on credit is supported by a prenumbered sales order.
c. The software application compares each sales invoice with the supporting shipping documents and notes any discrepancies.
d. The software application compares prices on the sales invoices with prices on the master price list and notes any discrepancies.
Accounts ReceivableAccounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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Related Book For 
Auditing A Practical Approach with Data Analytics
ISBN: 978-1119401742
1st edition
Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton
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