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Commerce · Q104

Auditing

Graduate and Post Graduate · Commerce · question 104

Q104

While vouching, how will the auditor ensure that all credit sales transactions have been recorded by the entity?

A.
Examining cut off points
B.
Matching entries in the sales book against renumbered sales invoices and goods' outward notes
C.
Counting the number of invoices and matching the number with entries on sales book
D.
Both A and B
Answer

Answer: Option D

Solution

Answer: Option D
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