Multiple Choice
An auditor is testing sales transactions.One step is to trace a sample of debit entries from the accounts receivable subsidiary ledger back to the supporting sales invoices.What would the auditor intend to establish by this step?
A) All sales invoices have been recorded.
B) Sales invoices represent bona fide sales.
C) Debit entries in the accounts receivable subsidiary ledger are properly supported by sales invoices.
D) All sales invoices have been properly posted to customer accounts.
Correct Answer:
Verified
Correct Answer:
Verified
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