Which transaction related audit objective applies to the following internal control: The computer automatically posts sales transactions

Fantastic news! We've Found the answer you've been seeking!

Question:

Which transaction related audit objective applies to the following internal control: The computer automatically posts sales transactions to the accounts receivable master file and general ledger. Existence Posting and summarization Accuracy Proper cut-off Completeness

Posted Date: May 18, 2024 03:09 PM

See More Questions

Draw the Lewis structure of AlH 3 . Strategy Draw the Lewis structure in the normal way but realize that, in certain cases, it is not possible to place eight electrons around the central atom.
If you owned and opened three restaurants after you graduated, would you operate from a functional or divisional structure? Why?
Olympic Sports has two issues of debt outstanding. One is a 9% coupon bond with a face value of $20 million, a maturity of 10 years, and a yield to maturity of 10%. The coupons are paid annually. The...
The basic concept behind a learning organization is: A. The popularity to change. B. The people change. C. The adaptation to change. D. The resources of change.
On May 31, 2012, Laban Company had a cash balance per books of $5,681.50. The bank statement from Citizens Bank on that date showed a balance of $7,964.60. A comparison of the statement with the Cash...
Mediated communication is _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ than most face - to - face communication. 1 . Mediated communication is _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ than most face - to - face...
TRUE OR FALSE: 1. Banks with a significantly large share of fixed-interest rate home loans are less exposed to interest rate risks. 2. Although Australian banks are pretty big, they are not...
1. 'Traditional cost allocating methods were 'sensible' just a decade ago'. Discuss. 2. 'Virtually all of a company's activities exist to support the production and delivery of today's products and...
In 1988, Nandalal's family immigrated to Canada- he was 2 years old. His grandparents and parents pooled their money and invested in a plot of land located in the greater Vancouver area. They started...
Mercury Incorporated purchased equipment in 2 0 2 2 at a cost of $ 3 8 3 , 0 0 0 . The equipment was expected to produce 4 9 0 , 0 0 0 units over the next five years and have a residual value of $ 4...
Helix Corporation uses the weighted-average method of process costing. It produces prefabricated flooring in a series of steps carried out in production departments. All of the material used in the...
Analyze significant trends you see for the company's debt over the last 3 years. Include how the company uses debt or equity to raise capital, any significant debt the company may be carrying, and...
consider a sample with data values of 150,145, 150, 160, 140, 125, 115, 130,120 ,110 the second quartile equal Select one: a. 130 b. 50 c. 135 d. 135
After Theorem 1.5 we note that multiplying a row by 0 is not allowed because that could change a solution set. Give an example of a system with solution set S0 where after multiplying a row by 0 the...
All Canadian corporations must comply with international accounting standards.
Most Canadian corporations are listed on the Toronto Stock Exchange.
IFRS must be used for the financial statements of every Canadian public corporation.

Which transaction related audit objective applies to the following internal control: The computer automatically posts sales transactions

Question:

Expert Answer:

Students also viewed these accounting questions