Which of the following demonstrates the strongest internal control over the sales/collection process?
A) Cash receipts clerk reconciles the bank account daily.
B) A sales clerk approves customer credit for each transaction.
C) Invoices are compared to packing lists.
D) Remittance advices are sequentially numbered.
Correct Answer:
Verified
Q32: Web development software would most likely be
Q33: Which form of information technology is most
Q34: In an organization with strong control over
Q35: The San Gabriel Valley chapter of the
Q36: The San Gabriel Valley chapter of the
Q38: Which form of information technology provides the
Q39: Which of the following internal control processes
Q40: The San Gabriel Valley chapter of the
Q41: Bonnie makes and sells her own jewelry
Q42: Sales/collection steps
LCM Corporation completes the steps
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents