An Audit Team Is Auditing Sales Transactions

question 7

Multiple Choice

An audit team is auditing sales transactions.One step is to vouch a sample of debit entries from the accounts receivable subsidiary ledger back to the supporting sales invoices.The purpose of this audit procedure is to establish that

• A) Sales invoices represent bona fide sales.
• B) All sales have been recorded.
• C) All sales invoices have been properly posted to customer accounts.
• D) Entries in the accounts receivable subsidiary ledger were properly invoiced.

---

Definitions:

REBT

Rational Emotive Behavior Therapy, a form of psychotherapy that focuses on identifying and changing irrational beliefs.

Foolishness

Foolishness is the lack of good sense or judgment; the quality of being unwise.

Humor

A cognitive and emotional aspect characterized by the ability to find something amusing, leading to laughter or amusement.

REBT

Stands for Rational Emotive Behavior Therapy, a psychotherapeutic approach that helps individuals identify irrational beliefs and negative thinking patterns to foster emotional well-being.