The Journal Entry Testing Prescribed by SAS No

question 49

Multiple Choice

The journal entry testing prescribed by SAS No.99 identifies several common characteristics of fraudulent entries.Which of the following is one such characteristic?

• A) an entry for credit sales to a buyer who does not pay his dues on time
• B) an entry for repairs and maintenance of plant made every period
• C) an entry for creating provisions for bad debts
• D) an entry for asset made by the managing director of the company

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Definitions:

Retirement Age

The age at which a person is eligible to retire, often defined by government policy or individual employment agreements.

Workforce Aging

The trend of the workforce becoming older, due to demographic changes and longer working lives.

Total Quality Management

A comprehensive management approach focused on continuous improvement of processes, products, and services involving all members of an organization.

Core Values

Fundamental beliefs or guiding principles that shape the culture and operations of an organization.