In connection with an audit, what are the purposes of a review of sales returns and allowances

Question:

In connection with an audit, what are the purposes of a review of sales returns and allowances subsequent to the date?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...