When a sample of customer accounts receivable is selected for vouching debits, auditors will vouch them to
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When a sample of customer accounts receivable is selected for vouching debits, auditors will vouch them to
a. Sales invoices with shipping documents and customer sales invoices.
b. Records of accounts receivable write- offs.
c. Cash remittance lists and bank deposit slips.
d. Credit files and reports.
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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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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