Common types of independent checks within the revenue process include all of the following, except:
A)Verification of information in the sales journal and on sales invoices
B)Verification of the bank statement and the cash account in the general journal
C)Reconciliation of accounts receivable detail with invoices and with the general ledger
D)Reconciliation of inventory records with actual (counted) quantities on hand

Question

Quizplus · Accepted Answer

Independent checks within the revenue process typically involve verifying sales transactions and accounts receivable balances. Option B relates to the cash process, which while important, is not directly related to revenue. Therefore, option B is the correct answer.

Common Types of Independent Checks Within the Revenue Process Include