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Define the term Cut-off tests

      

Define the term Cut-off tests

  

Answers


Wilfred
Involve selecting goods, received notes raised before the year-end and ensuring that the related invoices have been included in the purchases daybook before year-end as well as individual creditors’ accounts. If no invoices have been received to match those goods received notes than a reasonable liability should have been set up.
Wilfykil answered the question on April 12, 2019 at 05:32


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