The Parts of the Audit Most Affected by the Tests

question 6

Multiple Choice

The parts of the audit most affected by the tests of controls and substantive tests of transactions for the sales and collection cycle are the balances in: 1. accounts receivable.
2) cash.
3) bad debt expense .
4) provision for doubtful debts.

• A) 1, 2, 3
• B) 1, 3, 4
• C) 2, 3, 4
• D) 1, 2, 3, 4

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Definitions:

Blood Grouping

The classification of human blood based on the presence or absence of antibodies and inherited antigenic substances on the surface of red blood cells.

Fibrinogen

A blood plasma protein that's converted into fibrin in the blood clotting process.

Fibrin

A fibrous, non-globular protein involved in the clotting of blood.

Coagulation

Coagulation is the process of blood clotting, which prevents excessive bleeding when vessels are damaged.