Which of the following controls is designed to meet the completeness assertion?
A)Prenumbering invoices, shipping documents, and sales orders.
B)Sales orders are approved by the credit department prior to shipping goods.
C)The sale is to a customer on the approved customer list.
D)Sales are dated by the computer to ensure it is included in the proper period.

Question

Quizplus · Accepted Answer

Prenumbering invoices, shipping documents, and sales orders ensure that all sales have been properly recorded and none have been omitted, meeting the completeness assertion. This control helps in ensuring that all sales transactions are recorded in the sales journal and are properly accounted for in the financial statements.

Which of the Following Controls Is Designed to Meet the Completeness