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We discussed the difference between a) tracing a sample of transactions from the source documents to the ledgers and b) vouching a transaction from the
We discussed the difference between a) tracing a sample of transactions from the source documents to the ledgers and b) vouching a transaction from the ledger to the source documents. 1. Which assertion would we be testing in each case? 2. Which approach would we use for Accounts Receivable and which would we use for Accounts Payable? And, why
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