Sunday
April 20, 2014

Homework Help: Auditing

Posted by Pam on Friday, October 10, 2008 at 7:48pm.

Describe how the separation of (1) authorization of production transactions, (2) recording of these transactions and (3) physical custody of inventories can be specified amoung the production, inventory and cost accounting departments. How does the production order document provide a contol over the quantity of materials used in production? From what population of documents would an auditor sample to determine (1) whether all are authorized? (2) prodution was completed and placed in inventory or written off as scrap? and (3) finished goods inventory was actually produced and properly costed? hide problem

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

auditing - Describe how the separation of (1) authorization of production ...
TEACHER AIDES - 8. Which of the following statements is true of joint physical ...
teacher aides - 8. Which of the following statements is true of joint physical ...
accounting - Can somebody please explain what this is asking? I do not ...
math - Average rating is 3.25 Total errors 65 If average transactions in sept. ...
accounting - A company uses a sales journal, purchases journal, cash receipts ...
Math - John's Specialty Store uses a periodic inventory system. The following ...
economics - Fill in the blanks below with ↑ to indicate an increase in the...
accounting - Partners Smith and Jones decide to close their business and share ...
Accounting - The president of Penman Corporation, John Burton, has asked you, ...

Search
Members