Question

What is the purpose of comparing a batch of sales invoices to the actual number of sales invoices prepared?

1) To identify any discrepancies or errors in the preparation of sales invoices
2) To determine the total amount of sales made
3) To track the sales performance of the company
4) To calculate the average sales per invoice

Answer 1

Comparing a batch of sales invoices to the actual number prepared primarily aims to identify discrepancies or errors, ensuring accurate financial records and preventing fraud.

Step-by-step explanation:

The purpose of comparing a batch of sales invoices to the actual number of sales invoices prepared is primarily to identify any discrepancies or errors in the preparation of sales invoices.

This process ensures that all sales transactions have been accurately captured and documented. It can help prevent fraud, ensure compliance with accounting standards, and maintain accurate financial records, which are crucial for the preparation of financial statements.

While this comparison could indirectly provide information about the total sales, performance tracking, or average sales per invoice, its primary function is related to accuracy and error identification.