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Unformatted text preview: 14-21 a.(4) b. (4) c. (1) d. (3)14-22 a.(4)b. (2) c. (1) d. (1)14-23 a.(4) b.(4) c. (2)14-241.a.Recorded sales are for the amount of goods ordered and are correctly billed and recorded. (Accuracy)b. Examine indication of internal verification on sales documents.c. Incorrect prices may be charged, the customer may be billed for the wrong quantity, or the total amount may be computed incorrectly.d.Recompute information on the sales invoices. Trace details on sales invoices to shipping records, price lists, and customers' orders.2.a.Recorded sales and credit transactions are for shipments actually made and existing sales transactions are recorded. (Existence and Completeness)b.Account for the numerical sequences of sales orders, invoices, and credit memoranda.c. Shipments or returns are not recorded. Orders from customers are misplaced and not filled.d. Examine correspondence concerning credit memoranda to assure that they were properly issued. Trace sample of shipping documents to related sales invoices and entries into the sales journal and accounts...
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- Spring '11
- invoice, Sales Journal, receivable master file