Which of the following procedures most likely represents an internal control designed to reduce the risk of
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Question:
Which of the following procedures most likely represents an internal control designed to reduce the risk of errors in the billing process?
1. Requiring customers that purchase on account to be approved by the credit department.
2. Matching receiving documents with approved sales orders before invoice preparation.
3. Reconciling the control totals for sales invoices with the accounts receivable subsidiary ledger.
4. Comparing control totals for shipping documents with corresponding totals for sales invoices.
Related Book For
Chemistry The Central Science
ISBN: 978-0321696724
12th edition
Authors: Theodore Brown, Eugene LeMay, Bruce Bursten, Catherine Murphy, Patrick Woodward
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