Final answer:
Common types of independent checks within the revenue process include verification of information in the sales journal and on sales invoices, verification of the bank statement and the cash account in the general journal, and reconciliation of accounts receivable detail with invoices and with the general ledger. The exception is the reconciliation of inventory records with actual quantities on hand.
Step-by-step explanation:
Independent checks within the revenue process are important to ensure accuracy and prevent errors or fraud. Although all the options provided are common types of independent checks, the exception is option D - reconciliation of inventory records with actual quantities on hand.
Option A: Verification of information in the sales journal and on sales invoices is important to ensure that recorded sales transactions are accurate.
Option B: Verification of the bank statement and the cash account in the general journal helps to ensure that cash transactions are accurately recorded.
Option C: Reconciliation of accounts receivable detail with invoices and with the general ledger helps to ensure that the amount owed by customers is accurately recorded in the books.