Asked by

Gaurav Gaikwad
on Nov 14, 2024

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The use of remittance advices for mail receipts is an example of

A) documentation procedures.
B) other controls.
C) physical controls.
D) independent internal verification.

Remittance Advices

Remittance advices are documents sent by customers to businesses indicating that an invoice has been paid, often including details of the payment.

Mail Receipts

Incoming payments or documents received through postal services, often associated with business transactions or official correspondences.

Documentation Procedures

The formal processes used for recording and maintaining evidence of transactions and activities, essential for audit and control purposes.

  • Understand the importance of documentation in internal controls.
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BK
Berna KötehneNov 14, 2024
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