As a form of internal control, pre-numbered documents can be related to which steps in the sales / collection process?
A)First
B)Fifth
C)Both A and B.
D)Neither A nor B.

Question

Quizplus · Accepted Answer

Pre-numbered documents can be related to both the first (sales order) and fifth (cash receipts) steps in the sales/collection process. By using pre-numbered documents, a company can ensure that all documents are accounted for and that no transactions are missed or duplicated. This provides a reliable audit trail for both sales and collection activities.

As a Form of Internal Control, Pre-Numbered Documents Can Be