Business, 10.04.2020 03:18 melkumathurin

A sales invoice for $5,200 was computed correctly, but, by mistake, was key-entered as $2,500 to the sales journal and to the accounts receivable master file. The customer remitted only $2,500, the amount on his monthly statement. Select the control that should have prevented the misstatement.
A. Prelistings and predetermined totals are used to control postings.
B. Sales invoice numbers, prices, discounts, extensions, and footings are independently checked.
C. The customers’ monthly statements are verified and mailed by a responsible person other than the bookkeeper who prepared them.
D. Unauthorized remittance deductions made by customers or other matters in dispute are investigated promptly by a person independent of the accounts receivable function.

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A sales invoice for $5,200 was computed correctly, but, by mistake, was key-entered as $2,500 to the...

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