Assignment #5 Inventory of Newsprint, Newsprint Consumption, and Publication Sales, The deliverables for Assignment 5...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Assignment #5 Inventory of Newsprint, Newsprint Consumption, and Publication Sales,
The deliverables for Assignment 5 are :
A completed audit program.
A work done memo summarizing the audit procedures
C1- priced inventory. Use this cross-reference to the test counts and to document price testing. Consider a supporting work paper (C-1a) to summarize the adjustments.
C1-b- voucher register supplement for inventory purchases. Use this for the price test, along with the applicable voucher and document by tracing four items to the voucher.
C-2 test counts to be cross-referenced to the priced inventory
C-3 test of Newsprint and Ink (account 811). Test for quantity and dollars.
C-4 test of Publication Sales (Account 721). hint. consider revenue information in the permanent file.
C 5 inventory observation memo.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
