In updating a computerized accounts receivable file, which of the following would be used as a batch

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In updating a computerized accounts receivable file, which of the following would be used as a batch control to verify the accuracy of the posting of cash receipts remittances?

a. The sum of the cash deposits plus the discounts less the sales returns.

b. The sum of the cash deposits.

c. The sum of the cash deposits less the discounts taken by customers.

d. The sum of the cash deposits plus the discounts taken by customers.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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Related Book For  answer-question

Auditing An International Approach

ISBN: 978-1259087462

7th edition

Authors: Wally J. Smieliauskas, Kathryn Bewley

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