Calculate the ratio of cost of goods sold to sales as a tést of overall Peasonableness of gros the preceding year. O a. Analytical procedure O b. Confirmation O c. Physicals examination O d. Inspection

Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
ChapterMB: Model-building Problems
Section: Chapter Questions
Problem 1M: The general ledger of Jay Consulting shows the following balances at July 31: Jay has asked you to...
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020114022 AAUP - JENIN)
y courses / AUDITING AND ASSURANCE SERVICES Section1 Lecture (20202 020114022 AAUP JENIN) / 10 July
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Determine the type of evidence we can get from this audit procedure.
Calculate the ratio of cost of goods sold to sales as a test of overall reasonableness of gross margin relative
the preceding year.
O a. Analytical procedure
O b. Confirmation
Oc. Physicals examination
O d. Inspection
Transcribed Image Text:Make a note of any responses entered on this page in the last few minutes, then try to re-connect. Once connection has been re-established, your responses should be saved and this message will disappear. 020114022 AAUP - JENIN) y courses / AUDITING AND ASSURANCE SERVICES Section1 Lecture (20202 020114022 AAUP JENIN) / 10 July Time left 0: Determine the type of evidence we can get from this audit procedure. Calculate the ratio of cost of goods sold to sales as a test of overall reasonableness of gross margin relative the preceding year. O a. Analytical procedure O b. Confirmation Oc. Physicals examination O d. Inspection
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