For which of the following accounts is cutoff least important?
A) sales
B) sales returns and allowances
C) cash collections
D) inventory
Correct Answer:
Verified
Q36: The understatement of sales and accounts receivable
Q37: Cutoff misstatements occur when Q38: The most important test of details of Q39: Below are listed possible misstatements that could Q40: Which of the following is likely to Q42: If the client's internal control for recording Q43: Generally accepted accounting principles require that revenue Q44: Cutoff misstatements can occur for Q45: Which of the following audit procedures would Q46: If material, all of the following are
A) 
A)
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