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1. The audit of inventory normally includes procedures to verify the proper cutoff of inventory purchases. Which of the following documents should the auditor examine
1. The audit of inventory normally includes procedures to verify the proper cutoff of inventory purchases. Which of the following documents should the auditor examine when testing for proper cutoff of the clients purchases of inventory?
Please add checkmark next to the correct answer(s).
1 Bills of lading
2 Receiving reports
3 Sales invoices prepared by the client
4 Sales invoices received from suppliers
5 Cancelled checks written by the client
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