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Substantive procedures for revenue

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Substantive procedures for revenue

  • This topic has 1 reply, 2 voices, and was last updated 9 years ago by AvatarKen Garrett.
Viewing 2 posts - 1 through 2 (of 2 total)
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  • November 23, 2016 at 3:58 am #350834
    AvatarAnuja Nair
    Member
    • Topics: 365
    • Replies: 353
    • ☆☆☆☆

    It is given in my textbook that to test the completeness of revenue , an example of a substantive procedure, is to
    ” select a sample of customer orders and agree these to the despatch notes and sales invoices through to inclusion in the sales day book .”

    I dont understand this. Can you explain to me sir?

    November 23, 2016 at 6:48 am #350862
    AvatarKen Garrett
    Keymaster
    • Topics: 10
    • Replies: 10660
    • ☆☆☆☆☆

    Trace from orders, to despatch notes to invoices to SDB. The normal progression of a sles transaction.

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  • The topic ‘Substantive procedures for revenue’ is closed to new replies.

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