Question 6b iii
Marking Guide

(iii) Receivables
– Aged receivables report to identify any slow moving balances
– Review the after date cash receipts
– Review customer correspondence to assess whether there are any invoices in dispute
– Review board minutes
– Calculate average receivable days
– Post year-end sales returns/credit notes
– Cut-off testing of GDN
– Agree to GDN and sales order to ensure existence 
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