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    Auditing and Assurance Services Study Set 2
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    Exam 14: Audit of the Sales and Collection Cycle: Tests of Controls
  5. Question
    A ________ Indicates a Reduction in the Amount Due from a Customer
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A ________ Indicates a Reduction in the Amount Due from a Customer

Question 125

Question 125

Multiple Choice

A ________ indicates a reduction in the amount due from a customer because of returned goods or an allowance.


A) bill of lading
B) sales invoice
C) credit memo
D) monthly statement

Correct Answer:

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