Which of the Following Procedures Most Likely Would Be Included

question 54

Multiple Choice

Which of the following procedures most likely would be included as part of an auditor's tests of controls?

• A)Inspection.
• B)Reconciliation.
• C)Confirmation.
• D)Analytical procedures.

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Definitions:

Purchases Journal

A specialized accounting journal used to record all purchasing transactions, particularly on account.

Record Purchase

The accounting process of recording the buying of goods or services in the financial records of a company.

Accounts Receivable Subsidiary Ledger

The subsidiary ledger containing the individual accounts with customers.

Cash Receipt Posting

Cash receipt posting involves recording the receipt of money into the financial records of a business, often marking the payment of an invoice or sale.