Tests of Controls and Management Assertions For each of these tests of controls for sales...
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Accounting
Tests of Controls and Management Assertions For each of these tests of controls for sales and accounts receivable, indicate the management as: nt assertion number in the blank below. An assertion may be used more than once, or not used. Management Assertions 1. Occurrence or Existence 2. Rights and Obligations 3. Completeness 4. Cutoff 5. Accuracy or Valuation and Allocation 6. Classification A. Scan sales invoices for missing numbers in sequence. B. Perform arithmetic recalculation of a sample of recorded sales invoices. C. For a sample of recorded sales, determine whether credit was approved. D. Trace a sample of credit memos to postings in customers' accounts. E. Select a sample of customer accounts and vouch debits to sales invoices
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