An auditor who uses a transaction cycle approach to assessing control risk most likely would test control activities related to transactions involving the sale of goods to customers with thea. collection of receivables. b. purchase of merchandise inventory. c. payment of accounts payable. d. sale of long-term debt.
The answer is passage 1.
Hello! i️ believe a.) is the correct answer. : )
If u don't know the answer, always guess "c"
answer; post closing trial balance;
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An auditor who uses a transaction cycle approach to assessing control risk most likely would test co...
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