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The Audit Work Requires the Verification of Cut -Off Procedures

Question 12

Essay

The audit work requires the verification of cut -off procedures to ensure that all transactions are recorded in the correct accounting period.
During the yearend inventory count on 31 March 201X the audit team recorded the following transactions.
The last Goods Received Note number was 10672.
Which invoices should be recorded in purchases for the year?

Invoice no  Supplier  Invoice date  GRN number   Amount
 95493  Big Trumpet plc  28 March  10674  £ 3,098.45
 95494  Last Post Ltd  31 March  10671  £12,274.20
 94495  Bugle Ltd  29 March  10673  £1,567.90
 94496  Bangalong Ltd  30 March  10672  £12,786.42
 94497  Simbol plc  1 April  10670  £ 456.48
 94498  Twangalong Ltd  31 March  10675  £ 998.46

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b) 95494, ...

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