Question 1b
Marking Guide
up to 1 mark per well explained procedure | |
| – trade receivables circularisation, follow up any non-replies | |
| – review the after date cash receipts | |
| – calculate average receivable days | |
| – reconciliation of sales ledger control account | |
| – cut-off testing of gdn | |
| – aged receivables report to identify any slow moving balances | |
| – review customer correspondence to assess whether there are any invoices in dispute | |
| – review board minutes | |
| – review post year-end credit notes | |
| – review for any credit balances | |
| – agree to gdn and sales order to ensure existence | |
| max marks | 8 |