Suppose you selected a sample of customers' accounts receivable and wanted to find supporting evidence for the entries in the accounts. Where would you go to vouch the debit entries? What would you expect to find? Where would you go to vouch the credit entries? What would you expect to find?
To vouch debit entries, one would test the billings (or invoices) for the following attributes:
1. the invoices exist
2. they belong to the client
3. they are complete
4. they are properly valued
You begin by tracing recorded sales back to customer invoices and then to customer ...
The solution provides attribute objectives for the test of transactions of accounts receivable. It explains how you track through a system for both charges and credits to customer accounts.