Some of the documents that the auditor may find useful for gathering evidence in the revenue business process are
A)Purchase requisition
B)Accounts Payable Subsidiary Ledger
C)Aged Trial Balance for Accounts Receivable
D)Receiving document
E)Adjusting Journal Entry Report
F)Both A and B
G)Both C and D
H)Both C and E

Question

Quizplus · Accepted Answer

The Aged Trial Balance for Accounts Receivable (C) and the Adjusting Journal Entry Report (E) are directly related to the revenue business process. The Aged Trial Balance for Accounts Receivable helps in assessing the collectibility of receivables, which is crucial for revenue recognition. The Adjusting Journal Entry Report can provide evidence of revenue recognition adjustments and cut-off procedures.

Some of the Documents That the Auditor May Find Useful