Mill Company uses a batch processing method to process its sales transactions.Data on Mill's sales transaction tapes are electronically sorted by customer number and are subjected to programmed edit checks in preparing its invoices,sales journals,and updated customer account balances.One of the direct outputs of the creation of these tapes most likely would be a
A) report showing exceptions and control totals.
B) printout of the updated inventory records.
C) report showing overdue accounts receivable.
D) printout of the sales price master file.
Correct Answer:
Verified
Q24: An auditor selects a sample from the
Q27: A CPA auditing an electric utility wishes
Q29: Which of the following control activities may
Q35: Which of the following internal control activities
Q59: Which of the following is not an
Q62: Which of the following sets of duties
Q64: To reduce the risks associated with accepting
Q65: Which of the following strategies most likely
Q66: Confirmation is most likely to be a
Q70: Which of the following most likely would
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents