In the Initial Procedures of the Audit Program for the Revenue

question 96

Multiple Choice

In the initial procedures of the audit program for the revenue cycle, which of the following substantive tests come under the category of tests of details of transactions?

• A)Vouch recorded revenue transactions to supporting sales invoices, shipping documents, and sales orders.
• B)Vouch cash receipt transactions to supporting bank remittance reports, remittance advices.
• C)Vouch sales adjustment transactions to authorizations for sales returns and allowance or uncollectible account write-offs.
• D)Vouch subsequent cash receipts identifiable with items comprising account balance at confirmation date to supporting documentation.

Appreciate the impact of social status and personal control on health and stress management.

Understand the concept of learned helplessness and its impact on mental health.

Acknowledge the benefits of problem-focused and emotion-focused coping strategies.

Gain insight into the importance of social and environmental factors in health outcomes.

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Definitions:

Overapplied Manufacturing Overhead

Occurs when the allocated manufacturing overhead costs are more than the actual overhead expenses incurred.

Manufacturing Overhead Applied

The amount of indirect production costs allocated to individual units of output, based on a predetermined overhead rate.

Work in Process Account

An account that tracks the costs associated with the production of goods that are not yet completed.

Job-order Costing System

An accounting system that determines and accumulates costs separately for each job or batch of goods produced.