For several years you have made the annual audit for Sichou Jinhuangse Company of Nanjing, China. This company is not a dealer in securities. A list of presently held securities is kept, but an investment register is not maintained. 

During the audit, the following worksheet was prepared:

Required:

Draw a line down the middle of a lined sheet of paper.

A. On the left of the line, state the specific source(s) of information to be entered in each column and, where required, how the data of previous columns are combined.

B. On the right of the line, state the principal way(s) that such information would be tested.

Transcribed Image Text:

Description of security (name, maturity, rate, etc.) Balance at Face value or number Cost or book value Additions of shares during period Date Face value or number of shares Cost Deductions during beginning of year period Cost or book Date Face value or number of shares Proceeds Profit or (loss) on disposals Balance at end of year Face value or number of shares Cost or book on disposals (net) value value