Why would a company employ pre-numbered documents for transactions such as sales orders, shipping documents, and checks?
Question:
Why would a company employ pre-numbered documents for transactions such as sales orders, shipping documents, and checks? Enables company personnel to determine the accuracy of each document. Enables the company to route transactions for approval. Enables personnel to check the numerical sequence for missing documents and unrecorded transactions. Enables personnel to determine the validity of recorded transactions.
Charlotte interviewed the regional sales manager, Wilbur Boar, who explained that the increase in sales was due to a price increase enacted by the company during the year. How would the Charlotte test the regional sales manger s explanation?
Perform additional inquires with sales personnel.
Obtain copies of all price lists in use during the year and vouch the prices to sales invoices.
Send confirmations asking customer about unit price paid for product.
Trace vendor invoices to payments made after year-end.