To determine that sales are accurately recorded, the unit prices on the duplicate sales invoices are normally compared with
A) the original invoices.
B) an approved master price list.
C) the amounts recorded in the sales journal for that transaction.
D) the amounts posted to the customer's account in the accounts receivable master file.

Question

Quizplus · Accepted Answer

Comparing unit prices on duplicate sales invoices with an approved master price list can help ensure that sales are accurately recorded. The master price list should contain the most up-to-date prices for each item sold, and comparing these prices with those on the sales invoice can help identify any discrepancies or errors. Comparing prices with original invoices or sales journal entries may not be as reliable, as these documents may contain errors or be subject to manipulation. Checking amounts posted to the customer's account in the accounts receivable master file can also help identify errors, but may not be as effective as comparing prices to an approved master price list.

To Determine That Sales Are Accurately Recorded, the Unit Prices