Answer:
a. Compare the details of cash receipts with journal entries.
b. Prepare a bank transfer schedule.
c. Confirm the terms of borrowing with the lenders agreement.
d. Send request to confirm the entity's account receivable balance.
e. Inspect payroll data of employees and cross check with the transaction recorded.
f. Obtain cut off bank statement to reconcile the transaction.
g. Examine the selected repair order and physically examine the equipment whether repair work is don or not.
h. Examine the supporting documents for the invoice such as purchase order, goods received note and Purchase requisitions.
i. Inspect the payroll endorsements for similar handwriting.
Explanation:
Audit is mandatory for all the companies. The verified financial statements are considered as reliable because they are rechecked by the auditors and if any error or fraud is found it is immediately corrected and rectified. Audit is a critical process which involves objectivity and integrity of a person. The auditors must be independent and they should not have any familiarity with the business employees or owners.
Companies and consumers started to understand in the 1930s that using resources properly and efficiently was advantageous for both society and business. the green revolution sprang from this.
The green revolution is a broad movement that advances the concerns of environmentalists, or people who believe that it is important to preserve the integrity of the non-human world for both that reason and the survival of humans. Its membership is extraordinarily diversified, including academics, political activists, wealthy and impoverished individuals from all over the world, as well as followers of a wide range of religious ideologies. Global climate change has been a major issue for the green movement since the 1980s. The preservation of both multi-use undeveloped landscapes and natural regions, the protection of endangered species, and resistance to pollution are further issues.
Learn more about green revolution here
brainly.com/question/25077523
#SPJ4
Answer:
Examine shipping documents for matching sales invoices.
Explanation:
Sales invoice is provided by the seller and for shipped goods it is usually attached to the merchandise. If the auditor wants to know if the goods shipped are properly billed he will check the sales invoice to see if the goods supplied is the same quantity and type requested for. Also it is used to check if the correct amount is charged for the shipment.
In the case where there is discrepancy in any of the agreed terms, it is noted on the sales invoice and sent back to the seller to notify him of the discrepancy.
Answer:
$369,830.37
Explanation:
Present value can be calculated using a financial calculator
Cash flow from year 1 to 6 = 80,000
i = 8%
pv = $369,830.37
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Answer:
There is no "one way to word" this answer but it is a tool to help you know how much you can produce between two products.
Explanation:
