ACC 403 help A Guide to career/Snaptutorial ACC 403 help A Guide to career/Snaptutorial | Page 86

1. A listing of the balances in the accounts receivable master file at
the balance sheet date, by total balance outstanding and by the amount
of time the component parts have been outstanding, is the:
2. Which of the following is the principle "weakness" of using
negative confirmations for your tests of details of balances for
accounts receivable?
3. If the client's internal control for recording sales returns and
allowances is evaluated as ineffective:
4. The net realizable value of accounts receivable is equal to:
5. Which of the following audit procedure would normally be
included in the audit plan when auditing the allowance for doubtful
accounts?
6. For most audits, a proper cash receipts cutoff is less important
than the sales cutoff because the improper cutoff of cash:
7. A positive confirmation is more reliable evidence than a
negative confirmation because:
8. The two primary classes of transactions in the sales and
collection cycle are:
9. Most tests of accounts receivable are based on what schedule,
file, or listing?
10. An auditor is performing a credit analysis of customers with
balances over 60 days due. She is most likely obtaining evidence for
which audit related objective?
11. Which of the following is likely to be determined first when
performing tests of details for accounts receivable?
12. For cash receipts, the occurrence transaction-related audit
objective affects which of the following balance-related audit
objective?
13. The most effective audit evidence gathered for accounts
receivable is the:
14. Confirmation of accounts receivable selected from the trial
balance is the most common test of details of balances for the
________ of accounts receivable.
15. Communication addressed to the debtor requesting him or her to
confirm whether the balance as stated on the communication is
correct or incorrect is a: