chapter 16 final.docx
- 文档编号:10901321
- 上传时间:2023-02-23
- 格式:DOCX
- 页数:29
- 大小:27.15KB
chapter 16 final.docx
《chapter 16 final.docx》由会员分享,可在线阅读,更多相关《chapter 16 final.docx(29页珍藏版)》请在冰豆网上搜索。
chapter16final
Chapter16
Multiple-ChoiceQuestions
1.
easy
Whichofthefollowingisnotabalance-relatedauditobjectiveevaluatedintheauditofaccountsreceivable?
a
a.Timing
b.Realizablevalue
c.Completeness
d.Accuracy
2.
Thetwoprimaryclassesoftransactionsinthesalesandcollectioncycleare:
easy
a.salesandsalesdiscounts.
b
b.salesandcashreceipts.
c.salesandsalesreturns.
d.salesandaccountsreceivable.
3.
Theappropriateevidencetobeobtainedfromtestsofdetailsmustbedecidedona(n):
easy
a.efficiencybasis.
c
b.effectivenessbasis.
c.auditobjectivesbasis.
d.noneoftheabove.
4.
easy
Whichofthefollowingisnotabalance-relatedauditobjectiveevaluatedintheauditofaccountsreceivable?
a
a.Occurrence
b.Completeness
c.Rights
d.Accuracy
5.
easy
Testsofwhichbalance-relatedauditobjectivearenormallyperformedfirstinanauditofthesalesandcollection?
d
a.Accuracy
b.Completeness
c.Rights
d.Detailtie-in
6.
easy
Formostaudits,inherentriskforaccountsreceivableismoderateorlowexceptforwhichbalance-relatedauditobjectives?
d
a.Timingandrealizablevalue.
b.Completenessandexistence.
c.Existenceandaccuracy.
d.Realizablevalueandcutoff.
7.
easy
Whichofthefollowingtypesofreceivableswouldnotdeservethespecialattentionoftheauditor?
d
a.Accountsreceivableswithcreditbalances.
b.Accountsthathavebeenoutstandingforalongtime.
c.Receivablesfromaffiliatedcompanies.
d.Eachoftheabovewouldreceivespecialattention.
8.
easy
b
Alistingofthebalancesintheaccountsreceivablemasterfileatthebalancesheetdate,bytotalbalanceoutstandingandbytheamountoftimethecomponentpartshavebeenoutstanding,isthe:
a.customerlist.
b.agedtrialbalance.
c.accountsreceivableledger.
d.scheduleofaccountsreceivable.
9.
easy
Testingtheinformationontheagedtrialbalancefordetailtie-inisanecessaryauditprocedure,whichwouldnormallyinclude:
a
Test-footingthetotalcolumnandthecolumnsdepictingtheaging
Comparingthetotaloftheagedtrialbalancewiththegeneralledgeraccountsreceivableaccount
a.
Yes
Yes
b.
No
No
c.
Yes
No
d.
No
Yes
10.
easy
Auditorsareoftenconcernedwiththreeaspectsofinternalcontrolsrelatedtothesalesandcollectioncycle.Whichofthefollowingisnotoneofthosecontrols?
c
a.Controlsthatdetectorpreventembezzlements.
b.Controlsovercutoff.
c.Controlsoveracquisitions.
d.Controlsrelatedtotheallowancefordoubtfulaccounts.
11.
Cutoffmisstatementsoccurwhen:
easy
c
Theauditorfailstoobtaintheend-of-yearbankstatementdirectlyfromthebank,obtaininginsteadthestatementwhichincludesthetwosucceedingweeks
Subsequentperiodtransactionsarerecordedinthecurrentperiod
Currentperiodtransactionsarerecordedinthesubsequentperiod
a.
Yes
Yes
No
b.
Yes
No
Yes
c.
No
Yes
Yes
d.
No
Yes
No
12.
Cutoffmisstatementsoccur:
easy
a.eitherbyerrororfraud.
a
b.byerroronly.
c.byfraudonly.
d.randomlywithoutcausesrelatedtoerrorsorfraud.
13.
Generallyacceptedaccountingprinciplesrequirethatmaterialsalesreturnsandallowancesbe:
easy
a.recordedintheperiodwhenthemerchandiseisreturned.
c
b.recordedintheperiodwhenthecreditmemoisissued.
c.matchedwithrelatedsales.
d.recordedasadebittothesalesaccount.
14.
easy
Communicationaddressedtothedebtorrequestinghimorhertoconfirmwhetherthebalanceasstatedonthecommunicationiscorrectorincorrectisa:
d
a.representationletter.
b.negativeconfirmation.
c.bankconfirmation.
d.positiveconfirmation.
15.
Atypeofpositiveconfirmationknownasablankconfirmation:
easy
a.requeststherecipienttofillintheamountofthebalance.
a
b.isconsideredlessreliablethantheregularpositiveconfirmation.
c.generatesashigharesponserateastheregularpositiveconfirmationform.
d.isusedwhentheauditorisconfirmingseveralsmallbalances.
16.
medium
Forsales,theoccurrencetransaction-relatedauditobjectiveaffectsthe______balance-relatedauditobjective.
a
a.existence
b.completeness
c.rights
d.detailtie-in
17.
medium
Forcashreceipts,theoccurrencetransaction-relatedauditobjectiveaffectsthe______balance-relatedauditobjective.
b
a.existence
b.completeness
c.rights
d.detailtie-in
18.
medium
Whichofthefollowingislikelytobedeterminedfirstwhenperformingtestsofdetailsforaccountsreceivable?
b
a.Recordedaccountsreceivableexist.
b.Accountsreceivableintheagedtrialbalanceagreewithrelatedmasterfileamounts,andthetotaliscorrectlyaddedandagreeswiththegeneralledger.
c.Accountsreceivableareowned.
d.Existingaccountsreceivableareincluded.
19.
medium
Analyticalproceduresaresubstantivetestsand,iftheresultsoftheanalyticalproceduresarefavorable,theauditorwill:
a
a.reducetheextentoftestsofdetailsofbalances.
b.reducetheextentoftestsofcontrols.
c.reducethetestsoftransactions.
d.reducealloftheothertests.
20.
Themosteffectivetestofdetailsofaccountsreceivableisthe:
medium
a.detailtie-inoftherecords.
c
b.analysisoftheallowancefordoubtfulaccounts.
c.confirmationofaccountsreceivable.
d.examinationofsalesinvoices.
21.
Testsofdetailsofbalancesaredirectedto:
medium
a.balancesheetaccountsforallcycles.
a
b.incomestatementaccountsforallcycles.
c.balancesheetaccountsforsomecyclesandincomestatementaccountsforothercycles.
d.allgeneralledgeraccountsforallcycles.
22.
Themostimportanttestofdetailsofbalancesforaccountsreceivableis:
medium
a.confirmations.
a
b.recalculationoftheagedreceivablesanduncollectibleaccounts.
c.tracingcreditmemosforreturnedmerchandisetoreceivingroomreports.
d.tracingfromshippingdocumentstojournalstotheaccountsreceivableledger.
23.
medium
Themostimportanttestofdetailsofbalancestodeterminetheexistenceofrecordedaccountsreceivableis:
d
a.tracingdetailsofsalesinvoicestoshippingdocuments.
b.tracingthecreditsinaccountsreceivabletobankdeposits.
c.tracingsalesreturnsentriestocreditmemosissuedandreceivingroomreports.
d.theconfirmationofcustomers’balances.
24.
medium
Whenshouldauditorsnotperformalternativeproceduresintestingtheaccountsreceivablebalance?
b
a.Whencustomersdonotreturnpositiveconfirmationrequests.
b.Whencustomersdonotreturnnegativeconfirmationrequests.
c.Whenconfirmationsaredeemedtobeineffectiveasanauditprocedure.
d.Whenconfirmationsaretoocostlytouse.
25.
medium
Becauseofitscentralroleinauditingofaccountsreceivable,the______________isoneofthefirstitemstested.
c
a.accountsreceivablemasterfile
b.customerfile
c.agedtrialbalance
d.salesregister
26.
Ifaccountsreceivableaccountswithcreditbalancesaresignificant,theyshouldbe:
medium
a.writtenoff.
c
b.movedtothedebitside.
c.reclassifiedasaccountspayable.
d.correctedbymakingadjustingentries.
27.
Mosttestsofaccountsreceivablearebasedonwhatschedule,file,orlisting?
medium
a.Salesmasterfile.
b
b.Agedaccountsreceivabletrialbalance.
c.Accountsreceivablemasterfile.
d.Accountsreceivablegeneralledgeraccount.
28.
medium
Iftheclient’sinternalcontrolforrecordingsalesreturnsandallowancesisevaluatedasineffective:
a
a.alargersampleisneededtoverifycutoff.
b.samplingisnotappropriate.
c.allsalesreturnsmustbetracedtosupportingdocumentation.
d.allsalesreturnsmustbeconfirmedwiththecustomer.
29.
medium
d
AcustomermailsandrecordsachecktoaclientforpaymentofanunpaidaccountonDecember30.TheclientreceivesandrecordstheamountonJanuary2.TherecordsofthetwoorganizationswillbedifferentonDecember31.Thisrepresents
Acutoffmisstatement
Atimingdifference
a.
Yes
Yes
b.
No
No
c.
Yes
No
d.
No
Yes
30.
medium
Whichofthefollowingauditprocedureswouldnotlikelydetectaclient’sdecisiontopledgeorfactoraccountsreceivable?
c
a.Areviewoftheminutesoftheboardofdirectors’meetings.
b.Discussionswiththeclient.
c.Confirmationofreceivables.
d.Examinationofcorrespondencefiles.
31.
Whendomostcompaniesrecordsalesreturnsandallowances?
medium
a.Duringthemonthinwhichthesaleoccurs.
b
b.Duringtheaccountingperiodinwhichthereturnoccurs.
c.Wheneverthecustomercontactsthecompanyregardingthecredit.
d.Duringthemonthafterthesaleoccurs.
32.
Cutoffmisstatementscanoccurfor:
Medium
a
Sales
Salesreturnsandallowances
a.
Yes
Yes
b.
N
- 配套讲稿:
如PPT文件的首页显示word图标,表示该PPT已包含配套word讲稿。双击word图标可打开word文档。
- 特殊限制:
部分文档作品中含有的国旗、国徽等图片,仅作为作品整体效果示例展示,禁止商用。设计者仅对作品中独创性部分享有著作权。
- 关 键 词:
- chapter 16 final