Question: Explain substantive tests of transactions what do we mean by this term? How does it apply to auditing? Describe the process of designing tests of

Explain substantive tests of transactions what do we mean by this term? How does it apply to auditing?
Describe the process of designing tests of balances.
Discuss the meaning of the following terms and how they apply to auditing accounts receivable:
tie-incompletenessexistenceaccuracyrightsrealizable valuecutoffclassification

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