The control objective associated with selecting a sample of recorded sales invoices from the sales journal and recalculating the cross totals of quantities and prices is ________.

Question

Quizplus · Accepted Answer

The control objective associated with selecting a sample of recorded sales invoices, recalculating the cross totals of quantities and prices, and comparing it with the totals recorded in the general ledger and sub-ledger is to ensure the accuracy of the data. This helps in detecting any errors or discrepancies in the data and ensuring that the financial statements are accurate and reliable. Therefore, the correct answer is D) accuracy.

The Control Objective Associated with Selecting a Sample of Recorded