Question 1
The source of debits in the equipment account is the
◦ sales schedule.
◦ cash disbursements journal.
◦ cash receipts journal.
◦ acquisitions schedule.
Question 2
The test of details of balances procedure to "examine vendors' invoices of closely related accounts such as repairs to uncover items that should be property, plant, and equipment" satisfies the audit objective of
◦ completeness.
◦ detail tie-in.
◦ cutoff.
◦ existence.