Select a sample of sale from the sale journal

Assignment Help Accounting Basics
Reference no: EM13517743

Item:1 assertion:Completeness Detailed audit procedure:Select a sample of sale from the sale journal and ensure each sales invoice is supported by an authorized delivery docket and approved customer order

Required:
(1)Does the procedure address stated assertion? Explain
(2)If your answer to (a) is no, provide the correct assertion or explain what work would be required to address the assertion.
(3)explain what type of evidence is obtained by performing the stated procedure. How persuasive is it?

Reference no: EM13517743

Questions Cloud

Explain what is the atmospheric pressure in kpa : If the barometer at your house reads 767.2 mm of mercury what is the atmospheric pressure in kPa
Determine the radius of the electrons orbit : An electron enters a region of space containing a uniform 0.0000217-T magnetic field. Its speed is 189 m/s and it enters perpendicularly to the field. Find the radius of the electron\'s orbit
Determine the types and amount of audit evidence to collect : Determine the types and amount of audit evidence to collect
Define the possible effect on results of errors or variation : Describe and explain the possible effect on your results of the following experimental errors or variations. in each case, specify the component(s) whose percentage(s) would be too high or too low
Select a sample of sale from the sale journal : Detailed audit procedure:Select a sample of sale from the sale journal
Find out the characteristic of national stock exchange : Find out the characteristic of National Stock Exchange -  stock market is very close to a perfect competitive market. The price of a stock usually is determined by the market forces of demand and supply of the stock and individual buyers and seller..
What is the diameter of the wire and how long is it : A 12.0 resistor is made from a coil of copper wire whose total mass is 20.0. What is the diameter of the wire and How long is it
The maximum deduction the corporation : The maximum deduction the corporation
How to calculate the momentum and wavelength : A person weighing 77kg jogs at 1.5m/s. Calculate the momentum and wavelength of the person. Can you observe the wavelength of this person

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd