Which of the following controls most likely would assure that all billed sales are correctlyposted to the accounts receivable ledger?a. Each shipment on credit is supported by a prenumbered sales invoice.O b. Daily sales summaries are compared to daily postings to the accounts receivableledger.O C.The accounts receivable ledger is reconciled daily to the control account in thegeneral ledger.O d. Each sales invoice is supported by a prenumbered shipping document.

The correct answer is: (B) Daily sales summaries are compared to daily postings to the accounts…

Answered: Which of the following controls most…

Which of the following controls most likely would assure that all billed sales are correctly posted to the accounts receivable ledger?

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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Concept explainers

Management Information Systems

While undertaking any business decisions, data is the most important aspect. An information system (IS) is a set of data, computing devices and management methods that support routine company operations. A management information system (MIS) is a specific subset of IS.

Question

Which of the following controls most likely would assure that all billed sales are correctly
posted to the accounts receivable ledger?
a. Each shipment on credit is supported by a prenumbered sales invoice.
O b. Daily sales summaries are compared to daily postings to the accounts receivable
ledger.
O C.
The accounts receivable ledger is reconciled daily to the control account in the
general ledger.
O d. Each sales invoice is supported by a prenumbered shipping document.

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