Multiple Choice Questions on While vouching how will the auditor ensure himself that all credit salestransactions have been recor........... for Punjab Government (Allied) Exams Preparation

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Multiple Choice Questions

While vouching how will the auditor ensure himself that all credit salestransactions have been recor...........

Auditing Vouching and verification
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    While vouching, how will the auditor ensure himself that all credit salestransactions have been recorded by the entity?

    Examining cut-off points

    Incorrect Answer

    Matching entries in the sales book against renumbered sales invoices and goods outward notes

    Incorrect Answer

    Counting the number of invoices and matching the number with entries on sales book

    Incorrect Answer

    Both (a) and (b)

    Correct Answer
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    Explanation:

    Both (a) and (b)

    Examining cut-off points & Matching entries in the sales book against renumbered sales invoices and goods outward notes are both done to ensure the recording of all transaction related to credit sale

    By: Parvesh Mehta
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