Accounting Information Systems
Accounting Information Systems
9th Edition
ISBN: 9781133934400
Author: James A. Hall
Publisher: Cengage Learning
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Chapter 17, Problem 1P
To determine

Describe the test data to be created and the tests to be performed by an auditor to evaluate the accuracy of inventory receipts in the receiving department.

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Branton Ltd. had cash sales of $56,390, credit sales of $42,810, sales returns and allowances of $6,450, and sales discounts of $5,120. The company's net sales for this period___. A. $88,200 B. $87,630 C. $92,180 D. $93,830 E. $95,900
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