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.
Answers: 1
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Business, 22.06.2019 00:10, laya35
What are the forecasted levels of the line of credit and special dividends? (hints: create a column showing the ratios for the current year; then create a new column showing the ratios used in the forecast. also, create a preliminary forecast that doesn’t include any new line of credit or special dividends. identify the financing deficit or surplus in this preliminary forecast and then add a new column that shows the final forecast that includes any new line of credit or special dividend.) now assume that the growth in sales is only 3%. what are the forecasted levels of the line of credit and special dividends?
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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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