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  3. Study Set
    Auditing and Assurance Services Study Set 1
  4. Exam
    Exam 14: Audit of the Sales and Collection Cycle: Tests of Controls and Substantive Tests of Transactions
  5. Question
    What Event Initiates a Transaction in the Sales and Collection
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What Event Initiates a Transaction in the Sales and Collection

Question 68

Question 68

Multiple Choice

What event initiates a transaction in the sales and collection cycle?


A) receipt of cash
B) delivery of product to a customer
C) identification of a new customer
D) customer request for goods

Correct Answer:

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