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Cash receipts from sales on account have been misappropriated. Which of the following acts would ...

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Cash receipts from sales on account have been misappropriated. Which of the following acts would ...

Cash receipts from sales on account have been misappropriated. Which of the following acts would conceal this fraud and be least likely to be detected by an auditor?

▸ understating the sales journal by not recording cash sales

▸ overstating the accounts receivable control account by intentionally misstating prices charged for goods sold

▸ overstating the accounts receivable subsidiary ledger by not recording payments made by customers

▸ understating the cash receipts journal by purposely recording incorrect amounts

Textbook

Auditing and Assurance Services

Edition: 17^th

Authors: Arens, Elder, Beasley, Hogan

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Thank you, thank you, thank you!

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This helped my grade so much Perfect

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