Assuming cash receipts from credit sales have been misappropriated, which of the following is likely to conceal

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Assuming cash receipts from credit sales have been misappropriated, which of the following is likely to conceal the misappropriation and unlikely to be detected?

a. Understating the sales journal.

b. Overstating the accounts receivable control account.

c. Overstating the accounts receivable subsidiary ledger.

d. Overstating the cash receipts journal.

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Auditing And Assurance Services

ISBN: 9780324117769

7th Edition

Authors: David Ricchiute

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Question Posted: May 09, 2024 04:00 AM

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Assuming cash receipts from credit sales have been misappropriated, which of the following is likely to conceal

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The correct answer is b Overstating the accounts r...View the full answer

Auditing And Assurance Services

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