ACC 403 Final Exam 2 Chp. 14-17 & 21&24-New

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1. What critical event must take place before goods can be shipped in order to assure payment can be reasonably expected?

2. When designing audit procedures, tracing of source documents to the customers subsidiary ledger and subsequently to the general ledger is done to satisfy what assertion?

3. The audit procedure referred to as proof of cash receipts is particularly useful to test:................................................