The Most Significant Effect of the Results of the Tests

question 7

Multiple Choice

The most significant effect of the results of the tests of controls and substantive tests of transactions in the sales and collection cycle is on

• A) bad debt expense.
• B) the analytical tests to be performed.
• C) the confirmation of accounts receivable.
• D) the impact of processing cash receipts.

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Definitions:

Log Of Interruptions

A record or journal kept to track instances and causes of interruptions during work or activity.

Major Time Wasters

Activities or distractions that consume significant amounts of time and reduce productivity.

Priorities

The tasks, activities, or goals deemed most important and that require attention before anything else.

Daunting Project

A task or project that appears intimidating or insurmountably challenging at first glance.