Revenue cycle is an important part of business accounting process. Business transactions from sale to payments are recorded. Depending upon the business activities different organization experience various steps of revenue cycle. The process starts with providing service and ends with when invoice is completely paid. The preliminary analytical procedures that help auditors identify the misstatements in revenue cycle

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Chapter 9, Problem 45RSCQ

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Introduction: Revenue cycle is an important part of business accounting process. Business transactions from sale to payments are recorded. Depending upon the business activities different organization experience various steps of revenue cycle. The process starts with providing service and ends with when invoice is completely paid.

The preliminary analytical procedures that help auditors identify the misstatements in revenue cycle

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Financial accounting