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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:
- evaluate the allowance for doubtful accounts.
- evaluate internal control over credit sales.
- test the accuracy of recorded credit sales.
- verify the existence of the recorded receivables.
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