Question: What does the purchases cut - off test involve? Vouching purchase transactions to supporting documentation to ensure accuracy of numbers. Calculating analytical ratios to determine
What does the purchases cutoff test involve?
Vouching purchase transactions to supporting documentation to ensure accuracy of numbers.
Calculating analytical ratios to determine if purchases are correctly stated.
Determining if purchase transactions are recorded in the proper period.
Tracing the opening balance to last year's working papers.
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