Tracing recorded sales transactions to the bills of lading provides evidence about the:
A)Completeness of sales transactions.
B)Collectibility of sales transactions.
C)Occurrence of sales transactions.
D)Billing of all sales transactions.

Question

Quizplus · Accepted Answer

Tracing recorded sales transactions to the bills of lading provides evidence about the occurrence of sales transactions, as it verifies that goods were indeed shipped and received in exchange for payment. It does not provide evidence on the completeness, collectibility or billing of sales transactions.

Tracing Recorded Sales Transactions to the Bills of Lading Provides