Which audit procedure is effective in testing credit sale

Assignment Help Accounting Basics

Reference no: EM13126167

Which audit procedure is most effective in testing credit sales for overstatement?

(1) Trace a sample of postings from the sales journal to the sales account in the general ledger.

(2) Vouch a sample of recorded sales from the sales journal to shipping documents.

(3) Prepare an aging of accounts receivable.

(4) Trace a sample of initial sales orders to sales recorded in the sales journal.

Reference no: EM13126167

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