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Rasek [7]
3 years ago
8

One of two office clerks in a small company prepares a sales invoice for $4,300; however, the invoice is incorrectly entered by

the bookkeeper in the general ledger and the accounts receivable subsidiary ledger as $3,400. The customer subsequently remits $3,400, the amount on the monthly statement. Assuming there are only three employees in the department, the most effective control to prevent this type of error is ______
Business
1 answer:
Anton [14]3 years ago
8 0

Answer:

Using predetermined totals to control posting routines.

Explanation:

A validation methods to avoid errors is the batch total control, that verificate the transcription errors and transportation errors.

Validations aims to make sure that data is sensible, reasonable, complete and  within acceptable boundaries.

The batch total checks that something is not missing by adding together a number field in different records and checking the total. For example, if an invoice has three items costing 1,2 and 3, the control will look for a batch total of 6.

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7. Multi-Step Four girls and two boys
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Answer:

1.5 is the answer

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3 0
3 years ago
Halestorm Corporation’s common stock has a beta of 1.20. Assume the risk-free rate is 4.5 percent and the expected return on the
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Answer:

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8 0
3 years ago
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Nana76 [90]

Answer:

$35,260

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