1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dusya [7]
1 year ago
13

examination of supporting evidence, inquiries of independent persons, and evaluating evidence obtained from other auditing proce

dures are all examples of
Business
1 answer:
pav-90 [236]1 year ago
6 0

Common corroborating procedures include examination of supporting evidence, inquiries of independent persons, and evaluating evidence obtained from other auditing procedures.

<h3>What is evidence ?</h3>
  • Evidence refers something that can be used to prove something.
  • For example, the evidence presented at the trial, or the trail of breadcrumbs following Hansel's trail through the woods.
  • Evidence is an item presented by a party to make the auditing of a fact more or less likely.
  • Evidence may take the form of testimony, documents, photographs, videos, audio recordings, DNA tests, or other physical objects.
  • There are two types of evidence for auditing . direct evidence and circumstantial evidence testimonies.
  • This is one of the most common forms of  evidence given orally or in writing by a witness under oath.
  • It can be obtained in court, by affidavit, or by affidavit.

To learn more about evidence from the given link :

brainly.com/question/14370298

#SPJ4

You might be interested in
Roth Service Co. experienced the following transactions for 2018, its first year of operations: Provided $80,000 of services on
Stels [109]

Answer and Explanation:

a. The preparation of income statement is shown below:-

                               Income Statement

Service revenue                               $80,000

operating expenses  

Salary expenses           $28,000

Uncollectible accounts

expense                        $3,273

Total operating expense                   $31,273

Net income                                         $48,727

Working Note :-

Days       Amount     Percentage     Allowance balance

Current   $16,800       0.01                  $168

0-30         $5,100        0.05                 $255

31-60       $4,000        0.10                  $400

61-90       $2,000        0.30                 $600

Over 90

days         $3,700       0.50                  $1,850

Total        $31,600                                $3,273

b. The computation of net realizable value of the accounts receivable is shown below:-

Net realizable value = Accounts receivable - Allowance for doubtful accounts

= ($80,000 - $48,400) - $3,273

= $31,600 - $3,273

= $28,327

4 0
2 years ago
Exercise 4-9 Recording purchases, sales, returns, and shipping LO P1, P2 Following are the merchandising transactions of Dollar
GenaCL600 [577]

Answer:

Dollar Store

Journal Entries:

Nov. 1 Debit Inventory $2,900

Credit Accounts Payable $2,900

To record the purchase of goods on terms of 2/5, n/30, FOB shipping point, invoice dated November 1.

Nov. 5 Debit Accounts Payable $2,900

Credit Cash $2,842

Credit Cash Discount $58

To record the payment for the goods, including discounts.

Nov. 7 Debit Cash $250

Credit Inventory $250

To record the return of goods for cash.

Nov. 10 Debit Freight-in $145

Credit Cash $145

To record payment for transportation of goods.

Nov. 13 Debit Accounts Receivable $3,132

Credit Sales Revenue $3,132

To record the sale of goods with terms n/30.

Debit Cost of goods sold $1,566

Credit Inventory $1,566

To record the cost of goods sold.

Nov. 16 Debit Sales Returns $270

Credit Accounts Receivable $270

To record the return of goods.

Debit Inventory $135

Credit Cost of goods sold $135

To record the cost of goods returned.

Explanation:

a) Data and Analysis:

Nov. 1 Inventory $2,900 Accounts Payable $2,900

on terms of 2/5, n/30, FOB shipping point, invoice dated November 1.

Nov. 5 Accounts Payable $2,900 Cash $2,842 Cash Discount $58

Nov. 7 Cash $250 Inventory $250

Nov. 10 Freight-in $145 Cash $145

Nov. 13 Accounts Receivable $3,132 Sales Revenue $3,132

with terms n/30

Cost of goods sold $1,566 Inventory $1,566

Nov. 16 Sales Returns $270 Accounts Receivable $270

Inventory $135 Cost of goods sold $135

8 0
2 years ago
A wealth gap is an economic difference between
horrorfan [7]

Answer:

B. Economic classes

Explanation: its correct on eadg

7 0
3 years ago
Read 2 more answers
The two types of distribution channels are direct and ________________.
Umnica [9.8K]
The answer is (Indirect).
8 0
3 years ago
Read 2 more answers
When a local walmart is open 7 days a​ week, 24 hours a​ day, which form of utility is it providing to​ customers?
Vladimir [108]
Answer: TIME UTILITY

When a local Walmart is open 7 days a week, 24 hours a day, it is providing the customers with time utility. Economic utility includes Form utility, Time utility, Place utility and Possession utility. Time utility refers to the availability of products when the customer needs them. In this utility, the company chooses the hours and days when products and services are available to the customers according to the needs of the customers.
6 0
3 years ago
Other questions:
  • Which of these describes installment loans
    15·2 answers
  • Byron is a wealthy tycoon who makes his money buying and selling stocks. This is an example of _____ income.
    8·2 answers
  • What most likely caused the steady increase in price per barrel of oil between 2001 and 2008? a global recession scarcity of pet
    5·2 answers
  • Some economists have argued that, because domestic consumers gain more from free trade than domestic producers gain from (import
    11·1 answer
  • Support functions manage and improve the efficiency of an organization's conversion processes so that more value is created.
    5·1 answer
  • Iglesias, Inc. completed Job 12 on November 30. The details of Job 12 are given​ below: Direct labor cost $ 840 Direct materials
    13·1 answer
  • A company's flexible budget for 24,000 units of production showed total contribution margin of $93,600 and fixed costs, $31,200.
    12·1 answer
  • Waste includes any misuse of resources, such as the overuse of services or other practices that directly or indirectly result in
    13·1 answer
  • Some of the most common applications of real options are with property and insurance. A real estate option grants the holder the
    7·1 answer
  • State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash fl
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!