Selecting a Sample of Debits from Customer Accounts Receivable Records

question 24

Multiple Choice

Selecting a sample of debits from customer accounts receivable records and vouching them to supporting sales invoices is an audit procedure designed to obtain evidence about the control objective of ________.

• A)validity
• B)completeness
• C)authorization
• D)accuracy

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Definitions:

Online Sales

The process of selling goods and services through the internet, enabling transactions to be completed digitally.

Brick and Mortar

A business or retail outlet that has at least one physical location, as opposed to being online or virtual.

Supply Chain Costs

Supply chain costs encompass all expenses incurred in the creation and distribution of a product, from procurement to delivery.

Distributors

Companies or individuals that help move goods from manufacturers to retailers or direct to customers without being the primary producer.