About this document
Audit Considerations for Franchise Revenue by Pau Caisip is a document available to read on EtoBox.
Based on the information provided: - Sales recorded in December 2019 that should not have been recorded are sales #1129 and #1130 amounting to P31,500 - Inventory count per books is understated by P18,200 + P8,800 = P27,000 - Therefore, receivables are overstated by P31,500 and inventory is understated by P27,000 The adjusted uncollected balance of receivables is P276,500 - P31,500 = P245,000 The adjusted inventory count is P120,800 + P27,000 = P147,800
- Author
- Pau Caisip
- Language
- EN