As one step in testing sales transactions, a CPA traces a random sample of sales journal entries
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Question:
1. Each recorded sale represents a bona fide transaction.
2. All sales have been recorded in the sales journal.
3. All debit entries in the accounts receivable subsidiary ledger are properly supported by sales journal entries.
4. Recorded sales have been properly posted to customer accounts.
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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