The audit work requires the verification of cut –off procedures to ensure that all transactions are recorded in the correct accounting period.
During the yearend inventory count on 31 March 201X the audit team recorded the following transactions.
The last Goods Received Note number was 10672.
Which invoices should be recorded in purchases for the year?

a) All of them except 94497 as this is dated after the year end
b) 95494, 94496 and 94497
c) 95493, 95494 and 94496
d) 95493, 95494, 94495 and 94496

Transcribed Image Text:

Invoice no 95493 95494 94495 94496 94497 94498 Supplier Big Trumpet plc Last Post Ltd Bugle Ltd Bangalong Ltd Simbol plc Twangalong Ltd Invoice date 28 March 31 March 29 March 30 March 1 April 31 March GRN number 10674 10671 10673 10672 10670 10675 Amount £3,098.45 £12,274.20 £1,567.90 £12,786.42 £ 456.48 £ 998.46