To determine that sales are accurately recorded, the unit prices on the duplicate sales invoices are normally compared with:
A) the original invoices.
B) an approved price list.
C) the amounts posted to the customer's account in the accounts receivable master file.
D) the amounts recorded in the sales journal for that transaction.

Question

Quizplus · Accepted Answer

Comparing the unit prices on sales invoices with an approved price list ensures that sales are accurately recorded and eliminates any possibility of errors or fraud. Comparing with original invoices or amounts posted in accounts receivable may not provide the updated pricing information, while the sales journal may not reflect any alterations made after the initial recording.

To Determine That Sales Are Accurately Recorded, the Unit Prices