Auditors sometimes use comparisons of ratios as audit evidence. An unexplained decrease in the ratio of gross
Question:
a. Unrecorded purchases.
b. Unrecorded sales.
c. Merchandise purchases being charged to selling and general expense.
d. Fictitious sales.
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a Incorrect This would increase gross profit b Correct ...View the full answer
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Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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