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Audit documents often include an aged trial balance of accounts receivable as of the balance sheet date. This aging is used by the auditor to:

Audit documents often include an aged trial balance of accounts receivable as of the balance sheet date. This aging is used by the auditor to:

  1. evaluate the allowance for doubtful accounts.
  2. evaluate internal control over credit sales.
  3. test the accuracy of recorded credit sales.
  4. verify the existence of the recorded receivables.

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