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receivables

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › receivables

  • This topic has 1 reply, 2 voices, and was last updated 2 years ago by Kim Smith.
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  • October 19, 2023 at 9:38 am #693667
    xyzc
    Participant
    • Topics: 413
    • Replies: 175
    • ☆☆☆☆

    1. Select a sample of goods despatched notes from before the year end agree to sales invoices and to inclusion in the year end receivables ledger.

    2. Should the goods despatched notes not be from before and after the year end instead of just before the year end.

    3. Also should sales invoices also not be from before and after the year end.

    4. Why is it not written that sales invoices should be from before and after the year end

    October 19, 2023 at 3:40 pm #693687
    Kim Smith
    Keymaster
    • Topics: 138
    • Replies: 8443
    • ☆☆☆☆☆

    1. The “direction” of testing makes this a test directed at the completeness assertion.

    2. This would be “cut-off” assertion.

    3. Yes it you’re testing cut-off.

    4. No idea in the absence of any context.

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