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How can the auditor verify whether they are being taken

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Reference no: EM132386742

Question

Many times companies as part of the terms of their payment will be allowed to take a cash discount if the payment is received a certain number of days before the actual due date. These discounts can add up and need to be properly managed.

How can the auditor verify whether they are being taken in accordance with company policy?

Reference no: EM132386742

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