An Example of a Document the Auditor Receives from the Client

question 82

Multiple Choice

An example of a document the auditor receives from the client, but which was prepared by someone outside the client's organization is a

• A) confirmation.
• B) sales invoice.
• C) vendor invoice.
• D) bank reconciliation.

Recognize the proper use and significance of the posting reference column in the ledger.

Prepare and record transactions in journal entries.

Understand the purpose and process of posting transactions from the journal to the ledger.

Distinguish between various financial periods, including fiscal and natural business years.