An Auditor Needs to Determine Whether All Customers of an Electric

question 95

Multiple Choice

An auditor needs to determine whether all customers of an electric utility company are being billed. The auditor should test from the

• A) sales register to the accounts receivable ledger.
• B) sales register to the meter department records.
• C) accounts receivable ledger to the sales register.
• D) meter department records to the sales register.

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Definitions:

Canadian Dollar

The official currency of Canada, often represented by the symbol CAD or $CA, and used throughout the Canadian economy.

U.S. Dollar

The official currency of the United States, widely used as a benchmark and reserve currency around the world.

Absolute Purchasing Power Parity

A theory that posits currencies are at an equilibrium in exchange rates when they hold equal purchasing power in their respective countries.

Computer Retailer

A business or individual that sells computer hardware, software, and related accessories and services to consumers.