Auditing and Assurance Services 1st Edition by Iris Stuart

تمرين 42

A sales invoice for $5,200 was computed correctly, but, by mistake, was entered as $2,500 to the sales journal and to the accounts receivable master file. The customer remitted only $2,500, the amount on his monthly statement. What control should have prevented the misstatement a. Prelisting and predetermined totals are used to control posting.
B) Sales invoice numbers, prices, discounts, extensions, and footing are independently checked.
C) The customer's monthly statements are verified and mailed by a responsible person other than the bookkeeper who prepared them.
D) Unauthorized remittance deductions made by customers or other matters in dispute are investigated promptly by a person independent of the accounts receivable function.