Choose the one correct answer 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 January entries? * a. January sales journal entries vouched back to the sales invoice shall help uncover possible overstatement of Sales/Accounts receivable. b. January sales journal entries vouched back to the delivery receipts shall help uncover possible understatement of Sales/Accounts receivable. c. December sales journal entries vouched back to the delivery receipts shall help uncover possible overstatement of Sales/Accounts Receivables. d. December sales journal entries vouched back to the sales invoice shall help uncover possible understatement of Sales/Accounts receivable. e. None of the above.
Choose the one correct answer
An auditor decided to render sales cut-off as part of auditing an audit client's
a. January sales
b. January sales journal entries vouched back to the delivery receipts shall help uncover possible understatement of Sales/Accounts receivable.
c. December sales journal entries vouched back to the delivery receipts shall help uncover possible overstatement of Sales/Accounts Receivables.
d. December sales journal entries vouched back to the sales invoice shall help uncover possible understatement of Sales/Accounts receivable.
e. None of the above.
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