What are the main audits concerns regarding sales returns and allowances?

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Auditing and Assurance Services Understanding the Integrated Audit

ISBN: 978-0471726340

1st edition

Authors: Karen L. Hooks

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Question Posted: Jan 21, 2015 10:37 AM

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What steps are followed in posting sales returns and allowances from the general journal to the general ledger and accounts receivable ledger?
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What are the main audits concerns regarding sales returns and allowances?

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Auditing and Assurance Services Understanding the Integrated Audit

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