Pre-numbering of source documents helps to verify that
A)all transactions have been recorded since the numerical sequence serves as a control.
B)no inventory has been misplaced.
C)documents have been used in order.
D)all cash has been collected.

Question

Quizplus · Accepted Answer

Pre-numbering source documents serves as a control mechanism to ensure that all transactions are recorded. The numerical sequence makes it easy to identify any missing documents, reducing the risk of incomplete or inaccurate record-keeping. It does not directly relate to inventory, cash collection or ensuring documents are used in order.

Pre-Numbering of Source Documents Helps to Verify That