ICAEW ARF · Chapter 5 · Question 2 of 11
Which control best ensures that all goods despatched to customers are invoiced?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Goods despatched notes are sequentially numbered, matched to sales invoices, and the sequence is checked for gaps
Explanation
Matching sequentially numbered despatch notes to invoices and investigating gaps helps ensure that every despatch results in an invoice, which supports the completeness of revenue. Checking arithmetic addresses accuracy, credit checks address recoverability, and authorising invoices addresses occurrence and pricing.
More Controls over revenue and purchases MCQs
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- Q7Which control best ensures that the company records liabilities only for goods it has actually received?
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