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Read the following statements carefully: 1- Confirm customers' balances. 2- Compare inventory turnover of the company with industry data. 3- Recalculate the allowance of Accounts
Read the following statements carefully: 1- Confirm customers' balances. 2- Compare inventory turnover of the company with industry data. 3- Recalculate the allowance of Accounts receivables. 4. Vouch sales journal entries to sales invoices. 5- Inspect Bank statement in the client's file. 6- Trace sales invoices to account receivable ledger. 7- Ask payroll department to make report about the calculating criteria of the over time. 8- Inspect the disclosure of inventories in the financial statements. 9- Ask management about inventories the client has legal title on it. 10-Observe that Inventory quantities include all products, materials, and supplies on hand. Instructions: 1-Indicate the type of Evidence for each statement. 2-Indicate the type of Assertion for each statement
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