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متابعة

Which of the following audit procedures will best uncover an understatement of sales and accounts receivables?

A. Test a sample of sales transactions, selecting the sample from pre numbered shipping documents.

 

B. Test a sample of sales transactions, selecting the sample from sales invoices recorded in the sales journal.

 

C. Confirm accounts receivable.

 

D. Review the aged receivable trial balance.

 

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تم إضافة السؤال من قبل Riaz Ahammed , Financial Accountant , UTC Climate Controls & Security
تاريخ النشر: 2015/04/11
Iftikhar Hussain Shah
من قبل Iftikhar Hussain Shah , Senior Manager , Deloitte LLP

Option A is correct. Test a samples of sales transactions, selecting the samples from pre numbered shipping documents.

Riaz Ahammed
من قبل Riaz Ahammed , Financial Accountant , UTC Climate Controls & Security

Even though all the audit procedures are practical methods to audit Sales & Accounts Receivables, the audit procedure that would best uncover the understatement of the same is:

A. Test a sample of sales transactions, selecting the sample from pre numbered shipping documents (also known as tracing).

 

Mark Angelo Damuag
من قبل Mark Angelo Damuag , Financial Analyst , Evacare Management Consultancy Inc

A. Test a sample of sales transactions, selecting the sample from pre numbered shipping documents. That's called tracing.

Mohammed Shahid Ullah
من قبل Mohammed Shahid Ullah , Executive Director (Finance) , Coal Power Generation Company Bangladesh Limited

Auditors will test a sample of sales transactions, selecting the sample from sales invoices recorded in the sales journal to find the understatement of Sales & Accounts Receivable.

Mehboob Ahmed Syed
من قبل Mehboob Ahmed Syed , Business Development / IT Manager , Corona Business Solutions

D. Review the aged receivable trial balance.

kamran Khan
من قبل kamran Khan , Accountant , Concord Medical Equipment Trading LLC

B. Test a sample of sales transactions, selecting the sample from sales invoices recorded in the sales journal.

Yasir Aziz Gatta
من قبل Yasir Aziz Gatta , Manager Finance , Misha Fashions Private Limited

C. Confirm accounts receivable.

Anas  Dawah
من قبل Anas Dawah , Senior Internal Auditor , Talal Abu-Ghazaleh Global (TAGI)

C..................Confirm accounts receivable.

georgei assi
من قبل georgei assi , مدير حسابات , المجموعة السورية

Confirmation sample receivables to prove the sales that have not been collected after health. The answer correct answer is B.

asber shaabo
من قبل asber shaabo , ادارة -محاسبة - متابعة شؤون الفندق لدى القطاع العام و الخاص , فندق عينكاوة باﻻص - فندق ارابيﻻ غراند -نقابة محامي كردستان العراق

For business, accounting, marketing and sales failures

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