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Which of the following audit tests would be regarded as a substantive test of transactions? (Points : 5) Trace recorded sales in the sales journal
Which of the following audit tests would be regarded as a substantive test of transactions? (Points : 5) |
Trace recorded sales in the sales journal to the related accounts receivable master file, and compare the customer name, date, and amount for each one. Review the prelisting in the cash receipts book to determine whether cash is prelisted daily. Review cancelled checks for proper management authorizations. Examine sales returns for approval by an authorized official.
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