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4 Cards in this Set
- Front
- Back
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Relation of transaction related to balance related for Sales and Cash receipts compared to Accounts receivable
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Sales:
-Occurrence:Existence -Completeness:Completeness Cash Receipts: -Occurrence:Completeness -Completeness:Existence |
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Aged Trial Balance
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lists the balances in the accounts outstanding and a breakdown of each balance by the time passed between the date of sale and balance sheet date
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Most important Test of Details of Balances for determining existence
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confirmation of customer balances
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Realizable Value of A/R =
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gross A/R less the allowance for uncollectible accounts
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