Ch16 Sales Type of Test problem

Ch16 Sales Type of Test problem - and agree to shipping...

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Receivables Test of Balances Problem - Fall 2009 Name: _________________________________ Procedure Transaction objective Balance objective 1. Obtain a list of aged accounts receivable, foot the list, and trace the total to the general ledger. ------ Detail tie-in 2. Compare the date on a sample of shipping documents throughout the year with related duplicate sales invoices and the accounts receivable master file. 3. Examine entries in the sales journal for 15 days before and after the balance sheet date
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Unformatted text preview: and agree to shipping documents, if available, and/or sales invoices. 4. Perform alternative procedures on accounts not responding to second requests by examining subsequent cash receipts documentation and shipping reports or sales invoices. 5. Evaluate the materiality of credit balances in the aged trial balance. 6. Trace shipping documents to sales invoice and entry in sales journal. 7. Examine sales order for evidence of credit authorization....
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