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Author Question: To determine that sales are accurately recorded, the unit prices on the duplicate sales invoices are ... (Read 80 times)

yagurl

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Question 1

The auditor traces items from the source documents to the journals in order to accumulate audit evidence that will satisfy the
◦ existence objective.
◦ completeness objective.
◦ ownership objective.
◦ valuation objective.

Question 2

To determine that sales are accurately recorded, the unit prices on the duplicate sales invoices are normally compared with
◦ the original invoices.
◦ an approved master price list.
◦ the amounts recorded in the sales journal for that transaction.
◦ the amounts posted to the customer's account in the accounts receivable master file.


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Marked as best answer by yagurl on Aug 21, 2022

nikspatel037

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yagurl

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review


elyse44

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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