Ask Question
BusinessBusiness
1 June, 14:38

What are key tests of controls / substantive tests for sales? what are you trying to validate? g?

+4
Answers (1)
  1. 1 June, 17:39
    0
    Tests of controls and substantive tests for sales are types of tests used in an auditing system. The auditor is attempting to validate whether or not financial statements can be legitimized or whether or not they have failed in legitimacy. Tests of controls can include examining documents, whereas substantive tests include a test that looks for mistakes in financial balances or statements.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What are key tests of controls / substantive tests for sales? what are you trying to validate? g? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Assume that a restaurant is hiring labor in an amount such that the MRC of the last worker is $16 and her MRP is $12. On the basis of this information we can say that:A. profits will be increased by hiring additional workers. B.
Answers (1)
For the past seven years, Sommerset Storage, Inc. has hired Mountbattan Tax Associates to prepare its annual tax return.
Answers (1)
Mervon Company has two operating departments: mixing and bottling. Mixing has 420 employees and Bottling has 280 employees. Indirect factory costs include administrative costs of $206,000.
Answers (1)
The utility of a good or service 1. is synonymous with usefulness. 2. is the satisfaction or pleasure one gets from consuming it. 3. is easy to quantify. 4. rarely varies from person to person.
Answers (1)
In understanding and analyzing "demand," we focus on how much of a product the buyers are select one: a. willing and wanting to buy. b. actually buying now and in the recent past. c. able to buy with their given income. d. willing and able to buy.
Answers (1)
New Questions in Business
Tyler returned $500 worth of merchandise within the discount period. The entry to record the return is which of the following? A. Debit Purchases for $500; credit Accounts Payable $500 B.
Answers (1)
Identify the examples of abilities. Check all that apply. Kelvin is good at giving speeches. Elaine knows how to drive a car. Wilma would like to study history. Ira was raised in a Jewish family. Cam can run for long distances.
Answers (2)
An estimate of an asset's value to the company, calculated by discounting the future cash flows from the investment at the project's required rate of return and then subtracting the initial amount of the investment, is known as: A) Unamortized
Answers (1)
A physical count of supplies on hand at the end of May for Masters, Inc. Indicated $1,245 of supplies on hand. The general ledger balance before any adjustment is $2,050.
Answers (2)
How were civil rights problems in northern cities similar to those in the south?
Answers (1)
Home » Business » What are key tests of controls / substantive tests for sales? what are you trying to validate? g?
Sign Up Forgot Password?