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nevsk [136]
2 years ago
9

If an auditor is expected to detect the overstatement of sales, what should the auditor trace transactions from?.

Business
1 answer:
-Dominant- [34]2 years ago
7 0

If an auditor is asked to observe the overstatement of sales, the auditor trace transactions from The cash receipts diary should be linked to the sales journal.

<h3>How would an auditor detect the overstatement of sales?</h3>

The auditor detect the overstatement of sales are given below-

  • Observe a sample of transfers from the sales journal to the central ledger's sales account.
  • Approve a sample of sales from the sales diary to the shipment papers.

Thus, The cash receipts diary should be linked to the sales journal.

For more information about overstatement of sales, click here:

brainly.com/question/4606877

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There are different types of investment. The type of investment would be an example of an investment at point B is a stock.

When you look at the graph, you will see a rise from point A to both B. With this, you can know that the asset class that has highest risk and also has the highest return is a stock.

There are different kinds of investments. They includes stocks, real estate, etc. The intention of the buyer is that they will increase the value of their savings/money over time.

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3 years ago
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