Which one of the following procedures would ordinarily be expected to BEST reveal unrecorded sales at the balance sheet date?
A) Trace shipping documents to the sales journal.
B) Send accounts receivable confirmation requests.
C) Trace payments received subsequent to the balance sheet date.
D) Apply gross profit rates to inventory disposed of during the period.

Question

Quizplus · Accepted Answer

Tracing shipping documents to the sales journal helps identify shipments made that have not been recorded as sales, revealing unrecorded sales at the balance sheet date.

Which One of the Following Procedures Would Ordinarily Be Expected