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Home Q & A Board Other Fields Homework Help Business Accounting
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hardy7luver hardy7luver
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A year ago
When using the cycle approach to segmenting the audit, the reason for treating capital acquisition and repayment separately from the acquisition of goods and services is that

▸ the transactions are related to financing a company rather than to its operations.

▸ most capital acquisition and repayment cycle accounts involve few transactions, but each is often highly material and therefore should be audited extensively.

▸ Both the transactions are related to financing a company rather than to its operations and most capital acquisition and repayment cycle accounts involve few transactions, but each is often highly material and therefore should be audited extensively are correct.

▸ Neither the transactions are related to financing a company rather than to its operations nor most capital acquisition and repayment cycle accounts involve few transactions, but each is often highly material and therefore should be audited extensively is correct.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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mamaputmamaput
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A year ago
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hardy7luver Author
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A year ago
this is exactly what I needed
smdavis
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Yesterday
Thanks for your help!!
Smair87
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2 hours ago
This site is awesome
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