Question: PART2 Select the appropriate items for a sample given the information for each case cited below. Use the random number table provided below SELECTION OF

 PART2 Select the appropriate items for a sample given the information
for each case cited below. Use the random number table provided below

PART2 Select the appropriate items for a sample given the information for each case cited below. Use the random number table provided below SELECTION OF SAMPLE ITEMS FOR AUDIT USING RANDOM NUMBER TABLES (a) Sales invoices beginning with number 0001 and ending with number 5000 are entered ina sales journal. You want to choose 50 invoices for a test of controls. Start at row 5, column 3, of the random number table provided, and select the first ten usable numbers, using the first four digits in the random number. Go down the column and up to the top of the next column and so on until you obtain your first ten numbers (b)There are 9,100 numbered checks in a cash disbursements journal, beginning with number 2220 and ending with number 11319. You want to choose 100 disbursements for a test of controls. Start at row 2, column 2, of the table of random numbers provided, and select the first eight usable numbers. Go down the column and up to the top of the next column and so on until you obtain your first ten numbers

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!