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After a preliminary assessment has been made of La...

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After a preliminary assessment has been made of Lakeside's control risk, what possible actions can be taken by the auditors?,Exhibit 4-4 Client Lakeside Company PF-12 System: Revenue and Cash Disbursements Cycle - Distributorship Cash Receipts Prepared JCD 9/10/09 Reviewed JVB 11/11/09 Reviewed EVK 12/10/09 Notes Treasurer's Office Assistant to President Sales Division Controller's Office A. Stamp each check "For Deposit Only," prepare bank deposit slip in duplicate and four-part cash remittance list indicating customer name, amount paid and invoice number. B. Match the individual sales invoice slips with sales invoice and bill of lading. Calculate appropriate discount and record on each copy of cash remittance list. C. Compare bank deposit slip total to cash remittance list total. Randomly reconcile individual items. Update accounts receivable subsidiary ledger. D. Refoot cash receipts and sales discounts. Record journal entry in cash receipts journal. E. Prepare monthly bank reconciliation. Spot check cash remittance list totals and dates against bank statement. Client Lakeside Company D. Refoot cash receipts and sales discounts. Record journal entry in cash receipts journal. E. Prepare monthly bank reconciliation. Spot check cash remittance list totals and dates against bank statement.,i can't correctly send ex4-4 please answer without it.

 

Paper#6437 | Written in 18-Jul-2015

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