Question: Julia's Cookies has identified the following revenue recognition misstatement control activity risk: Sales billed to customers that are not recorded as revenue in the general
Julia's Cookies has identified the following revenue recognition misstatement control activity risk: "Sales billed to customers that are not recorded as revenue in the general ledger may result in misstatement of financial statements." Choose from the list of control activities below one of the appropriate control activities for this risk statement.Generate invoices and recognize revenue when the customer electronically signs to accept a shipment.Control the sequence of shipping documents and investigate anomalies.Match revenue transactions with approved customer orders.Reconcile totals for invoices to gross sales in the general ledger to verify completeness and accuracy.
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