Question
Which of the following controls would be considered a PREVENTIVE CONTROL ? A.Credit balances in accounts receivable are reviewed monthly to determine the reason for
Which of the following controls would be considered aPREVENTIVE CONTROL?
A.Credit balances in accounts receivable are reviewed monthly to determine the reason for the unusual balance.
B.Bank reconciliations are performed during the first month of each month for the prior month.
C.The sales manager reviews the daily shipments, total sales and sales per unit shipped for accuracy.
D.Sales invoices are automatically priced using the information in a master price file.
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Payroll Accounting 2017
Authors: Jeanette Landin, Paulette Schirmer
3rd edition
1259572188, 1259572180, 1259742512, 9781259742514, 978-1259572180
