Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. you are using computer audit software to prepare a

You are using computer audit software to prepare accounts receivable confirmations during the annual audit...

60.1K

Verified Solution

Question

Accounting

You are using computer audit software to prepare accounts receivable confirmations during the annual audit of the Eastern Sunrise Services Club. The company has the following data files: Master filedebtor credit record. Master filedebtor name and address. Master fileaccount detail: Ledger number. Sales code. Customer account number. Date of last billing. Balance (gross). Discount available to customer (memo account only). Date of last purchase. The discount field represents the amount of discount available to the customer if the customer pays within 30 days of the invoicing date. The discount field is cleared for expired amounts during the daily updating. You have determined that this is properly executed. Required: From the data files shown, list the information that you would include on the confirmation requests. If the information should be included from the Master file, select Yes. If not, select No.

image

a. b. Ledger number Sales code Customer account number d. e. Date of last billing Balance (gross) Discount available to customer (memo account only) Date of last purchase f. g

Answer & Explanation Solved by verified expert
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!
Become a Member

Other questions asked by students

Basic Math
1.2K views

For each of the following mathematical functions (or equations): (i) Take the first derivative dy/dx, (ii) Set dy/dx...

Psychology
1.2K views

How is synthesizing different from writing an annotated bibliography?

Psychology
1.2K views

Write about a paragraph or two about gun control. Discuss the inherent logic and logical fallacies...

Physics
1.2K views

A convex lens is kept between the object and screen kept 40 cm Now a...

Physics
1.2K views

39 A small ball having charge q is suspended from a weightless inextensible string It...

Physics
1.2K views

60 A disc is set into pure rolling Let us taken three points on the...

Basic Math
1.2K views

Current rules for telephone area codes allow the use of digits 2 9 for the...

Algebra
1.2K views

Determine whether the set of vectors k e In x 2x is linearly independent for...

Accounting
1.2K views

Answer the following questions, assuming that Citation recognizes revenue over time...

Accounting
1.2K views

Current Attemptin Progress Or haly 1.2025, Whisperibis ine made twosales 1. It sold land homing...

Accounting
1.2K views

How much is the amount of total assets?

Finance
1.2K views

A small accounting firm is considering the purchase of a computer software package that would...