Question 2: (C1&C2&C3) (16 Marks) Read the following statements carefully: 1-...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Question 2: (C1&C2&C3) (16 Marks)
Read the following statements carefully:
1- Recalculate the allowance of Accounts receivables. 2- Vouch sales journal entries to sales invoices. 3- Inspect Bank statement in the clients file. 4- Trace sales invoices to account receivable ledger. 5- Ask payroll department to make report about the calculating criteria of the over time. 6- Inspect the disclosure of inventories in the financial statements. 7- Ask management about inventories the client has legal title on it. 8- Observe that Inventory quantities include all products, materials, and supplies on hand. Instructions:
1-Indicate the type of Procedure for each statement.
2-Indicate the type of Evidence for each statement.
3-Indicate the type of Assertion for each statement.
4-Indicate the source of Document for each statement (obtained directly by the auditor, external circulated internally, internal circulated externally, entirely internal).
Question 2: (C1&C2&C3) (16 Marks)
Read the following statements carefully:
1- Recalculate the allowance of Accounts receivables.
2- Vouch sales journal entries to sales invoices.
3- Inspect Bank statement in the clients file.
4- Trace sales invoices to account receivable ledger.
5- Ask payroll department to make report about the calculating criteria of the over time.
6- Inspect the disclosure of inventories in the financial statements.
7- Ask management about inventories the client has legal title on it.
8- Observe that Inventory quantities include all products, materials, and supplies on hand.
Instructions:
1-Indicate the type of Procedure for each statement.
2-Indicate the type of Evidence for each statement.
3-Indicate the type of Assertion for each statement.
4-Indicate the source of Document for each statement (obtained directly by the auditor, external circulated internally, internal circulated externally, entirely internal).
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.