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whitedreamerz whitedreamerz
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2 years ago
Listed below are several accounts listed from a company's trial balance. Next to each account put the letter corresponding to the transaction cycle used to audit the account.
S = Sales and collection cycleI = Inventory and warehousing cycle
A = Acquisition and payment cycleC = Capital acquisition and repayment cycle
P = Payroll and personnel cycle

1. ________ Sales returns and allowances5. ________ Salaries and commissions
2. ________ Capital stock6. ________ Cost of goods sold
3. ________ Buildings7. ________ Trade accounts receivable
4. ________ Notes payable8. ________ Rent
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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Hope89Hope89
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