he auditor of Kent Ltd selects a sample from the file of shipping documents in order to confirm that all sales shipped are invoiced and recorded in accounting records. This test will confirm: Select one: a. Valuation and allocation assertion for sales. b. Cut-off assertion for sales. c. Occurrence assertion for sales. d. Completeness assertion for sales.
he auditor of Kent Ltd selects a sample from the file of shipping documents in order to confirm that all sales shipped are invoiced and recorded in accounting records. This test will confirm: Select one: a. Valuation and allocation assertion for sales. b. Cut-off assertion for sales. c. Occurrence assertion for sales. d. Completeness assertion for sales.
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter9: Auditing The Revenue Cycle.
Section: Chapter Questions
Problem 31CYBK
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he auditor of Kent Ltd selects a sample from the file of shipping documents in order to confirm that all sales shipped are invoiced and recorded in accounting records. This test will confirm:
Select one:
a. Valuation and allocation assertion for sales.
b. Cut-off assertion for sales.
c. Occurrence assertion for sales.
d. Completeness assertion for sales.
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