A sales transaction was coded with an invalid customer account code (XXX-XX-XXX rather than XXX-XXX-XXX). The error was not detected until the updating run when it was found that there was no such account to which the transaction could be posted. A control procedure that would serve as a preventive control for this situation would be: Select one: O a. Hash total O b. Check digit O c. Validity test O d. Either B or C

A sales transaction was coded with an invalid customer account code (XXX-XX-XXX rather than XXX-XXX-XXX). The error was not detected until the updating run when it was found that there was no such account to which the transaction could be posted. A control procedure that would serve as a preventive control for this situation would be: Select one: O a. Hash total O b. Check digit O c. Validity test O d. Either B or C

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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