In preparing for the audit of cash, the auditors perform analytical procedures concerning cash balances. Which of

Question:

In preparing for the audit of cash, the auditors perform analytical procedures concerning cash balances. Which of the following would be the best source of information for use in the estimate of cash?
a. Prior- years’ balances.
b. Management inquiry.
c. Cash budgets.
d. Aged reports.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...