Question
In the audit of revenue and expense accounts, a number of accounts will have been audited in connection with related balance sheet accounts. For each
In the audit of revenue and expense accounts, a number of accounts will have been audited in connection with related balance sheet accounts. For each of the revenue and expense accounts listed in column A, indicate the related balance sheet account(s). If no account is specifically related, indicate if the account should be analyzed in detail or simply compared to the balance in the previous year.
a. Lease revenue
a.__
b. Dividends and interest
b.__
c. Sales and sales returns
c.__
d. Miscellaneous income
d.__
e. Purchases, cost of goods sold
e.__
f. Rental property expense
f.__
g. Bad debt expense
g.__
h. Professional fees
h.__
i. Repairs and maintenance
i.__
j. Heat, light, and power
j.__
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