Which of the Following Is Most Likely to Be Detected

question 37

Multiple Choice

Which of the following is most likely to be detected by an auditor's review of a client's sales cut off?

• A) Shipments lacking sales invoices and shipping documents.
• B) Excessive write-off of accounts receivable.
• C) Unrecorded sales at year-end.
• D) Lapping of year-end accounts receivable.

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Definitions:

High Price Tags

Items or services being sold at a high cost, indicating either premium quality, brand value, or exclusivity.

Manufacturer's Promotional Allowance

A financial incentive provided by manufacturers to retailers or distributors for promotional activities to increase product sales.

Setting Prices

The process of determining the monetary value at which a product or service will be offered to consumers.

Major Steps

outlines the crucial stages or key milestones in a process, plan, or project that need to be accomplished to achieve a particular goal.