When a sample of customer accounts receivable is selected for the purpose of vouching debits for evidence of existence,the auditors will vouch them to which other items?
A)records of accounts receivable write-offs
B)sales invoices with shipping documents and customer sales invoices
C)cash remittance lists and bank deposit slips
D)credit files and reports

Question

Quizplus · Accepted Answer

When vouching debits for evidence of existence, auditors would typically look at sales invoices with shipping documents and customer sales invoices to verify the credibility of the accounts receivable. Option A is not relevant to vouching debits, as it refers to accounts receivable write-offs. Option C is also not applicable to vouching debits, as it pertains to cash remittances, whereas vouching is concerned with the existence of assets. Option D refers to credit files and reports, which are not relevant to the vouching of debits.

When a Sample of Customer Accounts Receivable Is Selected for the Purpose