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Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343 Exercise 26
Cash receipts from sales on account have been misappropriate. Which of the following acts would conceal this defalcation and be least likely to be detected by an auditor?
A) Understating the sales journal.
B) Overstating the accounts receivable control account.
C) Overstating the accounts receivable subsidiary ledger.
D) Overstating the sales journal.
A) Understating the sales journal.
B) Overstating the accounts receivable control account.
C) Overstating the accounts receivable subsidiary ledger.
D) Overstating the sales journal.
Explanation
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The sales journal has the record related...
Auditing & Assurance Services 6th Edition by Timothy Louwers
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