Which of the following is a control that may be implemented to ensure all sales that occur are recorded in the general ledger?
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 ensures that each sale is recorded in the general ledger. This control enables the company to track each sale to ensure that all transactions are being recorded accurately and completely. The prenumbered documents make it easy to monitor and track sales and ensure that no sales go unrecorded.

Which of the Following Is a Control That May Be