If sales were overstated by recording a false credit sale at the end of the year, where

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If sales were overstated by recording a false credit sale at the end of the year, where could you find the false “dangling debit”?
a. Inventory.
b. Cost of goods sold.
c. Bad debt expense.
d. Accounts receivable.

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Auditing and Assurance Services

ISBN: 978-0077862343

6th edition

Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws

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Question Posted: Oct 27, 2014 05:32 AM

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If sales were overstated by recording a false credit sale at the end of the year, where

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a Incorrect In credit sales and debit receivables not i...View the full answer

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