The auditor of P Co is planning the audit work on trade receivables.Which of the following procedures could not be performed by using computer-assisted audit techniques？（ ）。
A: Evaluation of the adequacy of the allowance for irrecoverable receivables
B: Selection of a sample of receivables for confirmation
C: Calculation of receivables days
D: Production of receivables' confirmation letters
A: Evaluation of the adequacy of the allowance for irrecoverable receivables
B: Selection of a sample of receivables for confirmation
C: Calculation of receivables days
D: Production of receivables' confirmation letters
举一反三
- The auditor of P Co is planning the audit work on trade receivables.Which of the following procedures could not be performed by using computer-assisted audit techniques? A: Selection of a sample of receivables for confirmation B: Calculation of receivables days C: C Production of receivables' confirmation letters D: Evaluation of the adequacy of the allowance for irrecoverable receivables
- Which of the following procedures is less likely to be included near completion of an audit? A: performing analytical procedures B: obtaining an understanding of internal control C: confirmation of receivables D: observation of inventory
- Which of the following would a decrease in the allowance for receivables result in?
- At 30 September 20X2 a company's allowance for receivables amounted to $38,000, which was five per cent of the receivables at that date.At 30 September 20X3 receivables totalled $868,500. It was decided to write off $28,500 of debts as irrecoverable and to keep the allowance for receivables at five per cent of receivables.What should be the charge in the statement of profit or loss for the year ended 30 September 20X3 for receivables expense? A: $42,000 B: $33,925 C: $70,500 D: $32,500
- A business must write off an irrecoverable debt of $3,000.What is the journal entry to record this in the nominal ledger? A: Debit Trade receivables $3 ,000; Credit Sales $3,000 B: Debit Sales $3,000; Credit Trade receivables $3 ,000 C: Debit Irrecoverable debt expense $3,000; Credit Trade receivables $3,000 D: Debit Trade receivables $3,000; Credit Sales $3,000