In the Audit of Revenue and Expense Accounts, a Number

question 20

Essay

In the audit of revenue and expense accounts, a number of accounts will have been audited in connection with related balance sheet accounts.For each of the revenue and expense accounts listed in column A, indicate the related balance sheet account(s).If no account is specifically related, indicate if the account should be analyzed in detail or simply compared to the balance in the previous year.

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Definitions:

Operating Activities

Business actions directly related to the production and delivery of goods and services, generating the majority of a company's cash flow.