Auditing

Primble

Hi

what would the test of control be to check sales have been recorded accuratly
would it just be checking the cash received against day book?

what are transactional tests and analytical procedures

and the limitaions of these?

Shoe Fairy

Hi, you could also check sales against the sales order and the goods dispatched note (the source documents)..

Transactional tests are:
1) Agreeing cash in tills to the till rolls
2) Agreeing till rolls to the daily takings sheet (if applicable)
3) Agreeing daily takings sheet to bank statement

Analytical procedures are:
1) Reviewing previous months sales figures and compare with current months figure
2) Comparing the sales figure to the purchases figure and check if reasonable

Hope this helps....