State the purpose of footing the total column in the client 's accounts receivable trial balance, tracing individual customer names and amounts to the accounts receivable master file, and tracing the total to the general ledger Is it necessary to trace each amount to the master file Why ...

A necessary audit procedure is to test the information on the clients trial balance for detail tiein ...

State the purpose of footing the total column in the client's accounts receivable trial balance, tracing individual

Question:

State the purpose of footing the total column in the client's trial balance, tracing individual customer names and amounts to the master file, and tracing the total to the general ledger. Is it necessary to trace each amount to the master file? Why?

Accounts Receivable
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...