Economics · Auditing
Which of the following is a valid explanation for an inconsistency where analytical procedures show a significant decrease in trade receivables days, despite the directors stating there are debt collection problems?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Sales growth of 1% per month over the year
- 2An increase in the rate of sales tax in December
- 3An increase in the proportion of cash sales since November✓
- 4A change in sales mix towards high value products
Correct answer
An increase in the proportion of cash sales since November
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