The auditor is testing receivables with the audit procedure the confirmation letters. Book value of the receivables ………… TL 3,500,000 Book value of the sample……………….. TL 2 ,500,000 Dollar amount of error in the sample…… TL 15,000. Dollar amount of anomaly error .................... TL 5, 000 What will be the projected misstatement for the receivables account? A. 20 000 B. 24 000 C. 26 000 26 000 D. 21 000
The auditor is testing receivables with the audit procedure the confirmation letters. Book value of the receivables ………… TL 3,500,000 Book value of the sample……………….. TL 2 ,500,000 Dollar amount of error in the sample…… TL 15,000. Dollar amount of anomaly error .................... TL 5, 000 What will be the projected misstatement for the receivables account? A. 20 000 B. 24 000 C. 26 000 26 000 D. 21 000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The auditor is testing receivables with the
Book value of the receivables ………… TL 3,500,000
Book value of the sample……………….. TL 2 ,500,000
Dollar amount of error in the sample…… TL 15,000.
Dollar amount of anomaly error .................... TL 5, 000
What will be the projected misstatement for the receivables account?
A.
20 000
B.
24 000
C.
26 000
26 000
D.
21 000
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