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Calculate the ratio of sales commission expense to sales as a test of sales commissions.

Posted on February 9, 2023 by Shady

DISCUSSION QUESTIONS AND PROBLEMS 7-27 (OBJECTIVE 7-4) The following are examples of documentation typically obtained byauditors: 1. Duplicate sales invoices2. Receiving reports3. Minutes of the board of directors4. Signed W-4s5. Subsidiary accounts receivable records6. Vendors’ invoices7. General ledgers8. Title insurance policies for real estate9. Notes receivable10. Bank statements11. Cancelled payroll checks12. Cancelled notes payable13. Payroll […]

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