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ACCT 411 Ch. 9 Quiz Review With Correct Answers (2025)!! $16.49
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ACCT 411 Ch. 9 Quiz Review With Correct Answers (2025)!!

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  • March 7, 2025
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Q&As
2025




ACCT 411 Ch. 9 Quiz Review With
Correct Answers (2025)!!




A control that may be implemented to ensure all sales that occur
are recorded in the general ledger includes which of the
following?



Use of pre-numbered shipping, invoice and sales documents

Use of pre-numbered statements, inventory lists and credit
memos

Use of pre-authorized price lists

Reconciliation of invoices with customer statements - Answer
Use of pre-numbered shipping, invoice and sales documents




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, Q&As
2025
A method used by companies to fraudulently inflate revenues
includes which of the following?



Use of hidden "side letters" giving the customer an irrevocable
right to return the product

Recording of fictitious sales

Shipment of product not ordered by customers

All of the above - Answer All of the above



A sample of positive confirmations is mailed for material accounts
receivable balances. Frequently there is a lack of response. Which
of the following is not an acceptable alternative procedure?



Examination of supporting documents.

Inquiry of management

Reviewing collections on the account subsequent to the
confirmation date

Mailing second and third confirmations - Answer Inquiry of
management



According to auditing standards, accounts receivable
confirmations are required to be used in which of the following
situations?



If the balance is material


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