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Author Question: For most audits, a proper cash receipts cutoff is less important than either the sales or the sales ... (Read 251 times)

0220521

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Question 1

Confirmation is the most common test of details of balances for the accuracy of accounts receivable.
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Question 2

For most audits, a proper cash receipts cutoff is less important than either the sales or the sales returns and allowances cutoff since cash only affects the balance sheet, and not earnings.
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Marked as best answer by 0220521 on Aug 21, 2022

jbsuccess1

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0220521

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Reply 2 on: Aug 21, 2022
Excellent


adf223

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Reply 3 on: Yesterday
:D TYSM

 

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