If you place a control that the computer checks run-to-run total of beginning receivables, plus sales transactions with the sum of ending receivables, which of the following risks will you be addressing?
A)Invoices not journalized or posted to customer accounts
B)Sales invoices recorded in the incorrect accounting period
C)Products shipped without shipping documents being generated
D)Sale made without credit approval

Question

Quizplus · Accepted Answer

This control addresses the risk of invoices not being journalized or posted to customer accounts by ensuring that all sales transactions are accounted for in the total receivables.

If You Place a Control That the Computer Checks Run-To-Run