Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - You are the audit manager in charge of auditing the accounts of Brussels Ltd. Materiality for the audit has set at $300,000. Balance date was 30 June 2020. It is the 25th of August 2020 and you are at the client's premises to undertake the audit. The pre-audited balance of accounts receivable for Brussels Ltd as at 30 June 2020 is $925,000. The audited balance of accounts receivable as at 30 June 2019 was 590,000.
Required -
(a) Which assertion(s) related to accounts receivable is the risk of material misstatement likely to be greatest? Give appropriate reasons for the selected assertion(s).
(b) Suggest substantive procedures that you would use to verify the assertion(s) you identified in your answer to part (a).
Do you think that such research is useful in improving the practice of financial accounting? Explain developing a theory by induction
The selling price per unit is expected to be $4.00. What are the expected sales, in units and dollars, for the second and third quarters of 2016
After year 10 the equipment will be worthless. With a 5%MARR, what is the most he can justify paying for the equipment?
Delivery and commission expenses vary proportionally with budgeted sales in dollars
The first year generated a gross sales of P1250,000. What is the amount of unearned franchise fee after the first year of operations
What do expect the price of these bonds to be one year from now? In three years? In eight years? In 12 years? Assuming the par value of these bonds is $1,000.
Supplies expense includes $200 of supplies that are still on hand at July 31. Prepare a correct income statement for July 2014
excerpts from dibello corporations comparative balance sheet appear below which of the following is the correct
The principal and interest are repaid by making annual payments beginning on December 31, 2016. The annual payment on the loan based on the present value
Sales are 85% credit, of which 60% is collected in the month of sale and 40% is collected in the following month. What is budgeted Accounts Receivable balance
Prepare England Productions' contribution margin income statement for 150shows performed in 2014. Report only two categories of costs: variable and fixed
Interest on January 1, 2020, projected benefit obligation 252,800. Make the note disclosing the components of pension expense for the year 2020
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd