Question
ONLY ANSWER D a. Obtain and print statistical information for Invoice Amount. What is the total amount of invoices generated during the year? Do any
ONLY ANSWER D
a. Obtain and print statistical information for Invoice Amount. What is the total amount of invoices generated during the year? Do any invoices have a negative value?
b. What is the total amount of invoices still outstanding (not yet paid) at the end of the year? Note the file includes a default payment date for unpaid invoices that will be updated once payment is received.
c. From the summary created in part b. above, click on the Outstanding invoices to examine the details of those still outstanding. Sort the invoice_date column in ascending order. What concerns do you have, if any, about the collectibility of the invoice amounts?
d. How might the evidence obtained in parts a. through c. above help the auditor in testing accounts receivable?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started