
Which ONE of the following is a control objective relating to the sales system?
Select ONE answer:
- Credit notes are only issued for valid reasons
- Sales invoices are checked to Goods Despatched Notes by accounts staff
- Customer accounts are scrutinised to see if credit limits have been observed
- Orders are made only to authorised suppliers
Show your workings to arrive at your answer, and explain and justify your reasons:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple-choice question is suitable for Accounting KS5 classes.
The answer is 1
- Correct – Statement 2 is a control activity, not a control objective. Statement 3 is a test of controls, not a control objective. Statement 4 is a control objective relating to the purchases system, not the sales system.
- Not correct
- Not correct
- Not correct

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