Which of the following would give the most assurance concerning the valuation assertion of debtors? (a) Tracing

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Which of the following would give the most assurance concerning the valuation assertion of debtors?

(a) Tracing amounts in the subsidiary ledger to details on shipping documents.

(b) Comparing debtors’ turnover ratios with industry statistics for reasonableness.

(c) Sending a debtor’s confirmation letter.

(d) Ensuring the sales subsidiary ledger has been correctly added.

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Modern Auditing

ISBN: 9780471230113

1st Edition

Authors: Graham Cosserat

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Question Posted: May 06, 2024 06:00 AM

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Which of the following would give the most assurance concerning the valuation assertion of debtors? (a) Tracing

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Modern Auditing

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