Sam Fenton wants to ensure that sales in a retail outlet are not recorded at the wrong amount. Which preventive control will help him ensure his objective?
A) the signature of the goods by the warehouse receiver on a receiving report or a bill of lading
B) a credit check by the credit manager
C) automatic pricing of sales invoices using a master price file
D) none of the above

Question

Quizplus · Accepted Answer

Automatic pricing of sales invoices using a master price file will ensure that sales are recorded accurately without any room for human error. This control will prevent any incorrect pricing of items at the point of sale, ensuring accurate recording of revenue. The other options listed, such as signature of goods by the warehouse receiver and a credit check by the credit manager are important controls, but they do not specifically address the prevention of recording sales at the wrong amounts.

Sam Fenton Wants to Ensure That Sales in a Retail