A control that may be implemented to ensure all sales that occur are recorded in the general ledger includes which of the following?
A)Use of prenumbered shipping,invoice and sales documents.
B)Use of prenumbered statements,inventory lists and credit memos.
C)Reconciliation of invoices with customer statements.
D)Use of pre-authorized price lists.

Question

Quizplus · Accepted Answer

The use of prenumbered shipping, invoice, and sales documents provides a control mechanism for ensuring that all sales transactions are recorded in the general ledger. This allows for easy tracking of sales activity and ensures that no sales are omitted or duplicated. By using prenumbered documents, it is possible to detect and investigate any missing or duplicate invoices or sales orders, which can help identify potential errors or fraud. This control is an important part of ensuring the accuracy and completeness of the company's financial records.

A Control That May Be Implemented to Ensure All Sales