[zamana]

You have been given a list of procedures to carry out on revenue and you have decided to prioritise those which deal with the key assertion of occurrence.
Which of the following substantive procedures provide evidence over the OCCURRENCE assertion for revenue?
(1) Compare the reported revenue figure to the budget and to the previous year, investigating any significant differences
(2) Select a sample of goods despatched notes (GDNs) and agree to invoices in the sales day book
(3) Select a sample of invoices from the sales day book and agree to GDNs
(4) Select a sample of invoices and recalculate the invoiced amount agreeing to price list
A 1 and 2
B 1 and 3
C 2 and 4
D 3 and 4

ANSWER IS

15 B

Option 1 does not make sense. could you please help me.

[Author]

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