This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: When an auditor tests to determine if all existing accounts receivable are included in the aged trial balance, (Read 47 times)

redpassion

  • Full Member
  • ***
  • Posts: 151
on: Aug 21, 2022
When an auditor tests to determine if all existing accounts receivable are included in the aged trial balance,
◦ they cannot rely on the self-balancing nature of the accounts receivable master file.
◦ if all sales to a customer are omitted from the sales journal, it is easy to uncover the understatement of accounts receivable by tests of details of balances.
◦ auditors rarely send accounts receivable confirmations to customers with zero balances.
◦ unrecorded sales to a new customer are easy to identify for confirmation because that customer is included in the accounts receivable master file.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by redpassion on Aug 21, 2022

MistyHubbard

  • Full Member
  • ***
  • Posts: 174
Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


redpassion

  • Member
  • Posts: 151
Reply 2 on: Aug 21, 2022
Great answer, keep it coming :)

covalentbond

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Meiosis Accounts for the Segregation of Alleles p1 Meiosis Accounts for the Segregation of Alleles p1
Example of an accounts receivable aging analysis report. Example of an accounts receivable aging analysis report.
A DC voltage is applied across the spark plug gap after the plug fires and the circuit can determine ... A DC voltage is applied across the spark plug gap after the plug fires and the circuit can determine ...
Cylinder Power Balance Test Cylinder Power Balance Test
Acid–Base Balance Acid–Base Balance
Use a compound angle addition formula to determine an equivalent trig expression for cos(x + ... Use a compound angle addition formula to determine an equivalent trig expression for cos(x + ...
Video: Types of energy transfer reactions: oxidation-reduction reactions and ATP generation reactions

For a complete list of videos, visit our video library