for tests of sales and cash receipts: (Click the icon to view items 1 through 9.) Read the requirements. Requirement a. Identify whether each audit procedure is a test of control or substantive test of transactions. Test of control or a Question substantive test of transactions Substantive test of transactions 2.Substantive test of transactions lest of contro lest of contro Substantive test of transactions Substantive test of transactions Test of control Test of control Substantive test of transactions 7 More Info 1. Examine the sales journal for related-party transactions, notes receivable, and other unusual items Su 2. Select a sample of customer orders and trace the document to related shipping documents sales invoices, and the accounts receivable master file for comparison of name, date, and amount. Examine duplicate sales invoices for an indication that unit selling prices were compared to the approved price list. Examine duplicate sales invoices to determine whether the account classification for sales has been included on the document. 3. 4. isstatement. (Com 5. Compare the quantity and description of items on duplicate sales invoices with related shipping documents Perform a proof of cash receipts Examine a sample of remittance advices for approval of cash discounts Account for a numerical sequence of remittance advices and determine whether there is a cross-reference mark for each one, indicating that it has been recorded in the cash receipts journal Trace recorded cash receipts in the accounts receivable master file to the cash receipts journal and compare the customer name, date, and amount of each one 6. 7. 8. 9. PrintDone for tests of sales and cash receipts: (Click the icon to view items 1 through 9.) Read the requirements. Requirement a. Identify whether each audit procedure is a test of control or substantive test of transactions. Test of control or a Question substantive test of transactions Substantive test of transactions 2.Substantive test of transactions lest of contro lest of contro Substantive test of transactions Substantive test of transactions Test of control Test of control Substantive test of transactions 7 More Info 1. Examine the sales journal for related-party transactions, notes receivable, and other unusual items Su 2. Select a sample of customer orders and trace the document to related shipping documents sales invoices, and the accounts receivable master file for comparison of name, date, and amount. Examine duplicate sales invoices for an indication that unit selling prices were compared to the approved price list. Examine duplicate sales invoices to determine whether the account classification for sales has been included on the document. 3. 4. isstatement. (Com 5. Compare the quantity and description of items on duplicate sales invoices with related shipping documents Perform a proof of cash receipts Examine a sample of remittance advices for approval of cash discounts Account for a numerical sequence of remittance advices and determine whether there is a cross-reference mark for each one, indicating that it has been recorded in the cash receipts journal Trace recorded cash receipts in the accounts receivable master file to the cash receipts journal and compare the customer name, date, and amount of each one 6. 7. 8. 9. PrintDone
