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    Business
  3. Study Set
    Auditing Assurance Services
  4. Exam
    Exam 13: Completing tests in the sales and collection cycle: Accounts receivable
  5. Question
    Explain Whether It Is Equally as Important to Test the Cutoff
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Explain Whether It Is Equally as Important to Test the Cutoff

Question 40

Question 40

Essay

Explain whether it is equally as important to test the cutoff for sales and cash receipts.

Correct Answer:

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For most audits, a proper cash receipts ...

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