An auditor decided to render sales cut-off as part of auditing an audit client's accounts receivable. Entries in the Sales Journal from December 16, 2016 to the subsequent period January 15, 2017 were vouched to the supporting documents. Which of the following is correct regarding the December entries? a. December sales journal entries vouched back to the sales invoice provide evidence about the occurrence/existence of Sales/Accounts Receivables. b. December sales journal entries vouched back to the delivery receipts provide evidence about the occurrence/existence of Sales/Accounts Receivables. c. December sales journal entries vouched back to the sales invoice provide evidence about the completeness of Sales/Accounts Receivables. d. December sales journal entries vouched back to the delivery receipts provide evidence about the valuation of Sales/Accounts Receivables. e. None of the above.
An auditor decided to render sales cut-off as part of auditing an audit client's accounts receivable. Entries in the Sales Journal from December 16, 2016 to the subsequent period January 15, 2017 were vouched to the supporting documents. Which of the following is correct regarding the December entries?
a. December sales
b. December sales journal entries vouched back to the delivery receipts provide evidence about the occurrence/existence of Sales/Accounts Receivables.
c. December sales journal entries vouched back to the sales invoice provide evidence about the completeness of Sales/Accounts Receivables.
d. December sales journal entries vouched back to the delivery receipts provide evidence about the valuation of Sales/Accounts Receivables.
e. None of the above.
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