Test of controls is when you test controls surrounding a financial process . Substantive test are performed when one tests assertions surrounding a balance.
Answer:
8gc uv u o du I. 8. o ixd u. o
Because today's business are wholly dependent on technology for their survival.
This is especially in production, customer service, and marketing.
Answer:
- The journal to record the write-off is:
Debit Allowance for doubtful accounts $6,400
Credit Accounts receivable $6,400
- Cash realizable value of the accounts receivable (1) before the write-off is $670,300 (2) after the write-off is $670,300.
Explanation:
- The write-off would impact the allowance for doubtful accounts and the accounts receivable since Bramble Corp. uses the allowance method. See the journals as recorded above.
- The balance in the allowance for doubtful accounts would have reduced by $6,400 upon the write-off, so did the balance in the accounts receivable, so the effect of the write-off evens out. That led to the cash realizable value of $670,300.
Answer:
The postwar era, 1945-1950.
