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Author Question: The primary accounting record for manufacturing equipment and other fixed assets is the (Read 105 times)

am7272

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Question 1

The most common audit test to verify equipment additions is to
◦ examine vendors' invoices.
◦ perform an inventory of the fixed assets.
◦ confirm the additions with the vendors.
◦ trace the vendor invoices to the cash disbursements journal.

Question 2

The primary accounting record for manufacturing equipment and other fixed assets is the
◦ depreciation ledger.
◦ fixed asset master file.
◦ asset inventory.
◦ equipment roster.


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Marked as best answer by am7272 on Aug 21, 2022

FireandIce

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am7272

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Reply 2 on: Aug 21, 2022
Great answer, keep it coming :)


Bigfoot1984

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Reply 3 on: Yesterday
Excellent

 

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