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Other Fields Homework Help Accounting Topic started by: pmiller1129 on Aug 1, 2022



Title: For most audits, a proper cash receipts cutoff is less important than the sales cutoff because the ...
Post by: pmiller1129 on Aug 1, 2022
For most audits, a proper cash receipts cutoff is less important than the sales cutoff because the improper cutoff of cash

▸ is detected and correct when cash is separately audited.

▸ is unlikely to have a material impact on the balance sheet or the income statement.

▸ affects items on the balance sheet but does not affect net income.

▸ rarely occurs given the control consciousness of most entities.


Title: For most audits, a proper cash receipts cutoff is less important than the sales cutoff because the ...
Post by: eggr0ll on Aug 1, 2022
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