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An auditor is performing a test of controls.He performs the following procedure:Check on the numeric sequence of prenumbered receiving reports to determine that a supplier's

An auditor is performing a test of controls.He performs the following procedure:Check on the numeric sequence of prenumbered receiving reports to determine that a supplier's invoice was recorded for each receiving report

What class of transactions is involved with this procedure?

  • None of the items listed is correct
  • Cash payments class of transactions
  • Acquisitions class of transactions
  • Sales class of transactions
  • Cash receipts class of transactions

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