Occurrence in sales, When testing the occurrence objective for sales, the auditor is , Accounting Basics

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Occurrence in sales

When testing the occurrence objective for sales, the auditor is concerned with the possibility of three types of misstatements. One type is sales being included in the journal for which no shipment was made. Discuss the other two types of misstatements.

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Accounting Basics: Occurrence in sales

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Accounting Basics: Occurrence in sales

Reference No:- TGS060716

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Stock-holders to increase net income

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Q : Sarbanes-oxley act

Q : Statement of ethical professional practice states

Q : Occurrence in sales

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Q : Compute the amount of gross profit to be recognized

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Ask an Expert for Answer!!

Accounting Basics: Occurrence in sales

Reference No:- TGS060716

Recent Questions Asked Accounting Basics

Q : Stock-holders to increase net income

Q : Lean thinking model to organize work arrangements

Q : Sarbanes-oxley act

Q : Statement of ethical professional practice states

Q : Occurrence in sales

Q : Calculate the amount of gross profit to be recognized

Q : Compute the amount of gross profit to be recognized

Q : Calculate accrual net income for the year

Q : End of the grace period the charge

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