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While vouching, how will the auditor ensure that all credit sales transactions have been recorded by the entity?

While vouching, how will the auditor ensure that all credit sales transactions have been recorded by the entity? Correct Answer Both A and B

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The following are the criteria set by a Retail outlet for the selection of candidates for the post of Store In charge in a reputed mall. 1. The candidate must be a graduate in any stream with minimum of 50% marks. 2. The candidate must have Minimum of 5 years of Sales experience in Retail. 3. The age of the candidate should not be less than 25 years and more than 34 years as on 1st October, 2019. (a) If a candidate satisfies all the criteria except 2 as given above but has an MBA degree and has minimum of 2 years of work experience in sales, she/he must be sent to the General Manager, Recruitment for further interview. (b) If a candidate satisfies all the criteria except 3, but has more than 5 years experience as a Group Manager and above in Sales managing a team of sales executives, then she/he must be sent to the Regional Manager, Sales & Marketing, for further interview Based on the above criteria and conditions, analyze and decide which of the following course of action should be taken for the candidate whose description is provided below. Please note that you are not to assume anything other than the given information. Sujoy is a graduate with 55% marks and MBA through Correspondence. He was born on Sept 20, 1990. He has 1 year of work experience as a sales executive and 2 years of experience as a Group Manager, Sales. On the basis of the information as given above, which of the following decisions would be appropriate
Consider the following statements about the Comptroller and Auditor General of India. 1. The office of the Comptroller and Auditor General in the Constitution of India is substantially modeled upon that of the Auditor-General of India Act, 1935. 2. The Comptroller and Auditor General may be removed only on an address from both Houses of Parliament on the grounds of 'proved misbehavior' or 'incapacity'. 3. The term of office of the Comptroller and Auditor General shall be five years from the date on which he assumes office. Which of the statements given above is/are correct?
In a share market, three competitors  Apollo groups, CCL products & Maruti Suzuki exist. Last year the sales of CCL products was 10% more than the sales of Apollo groups. This year both the firms Apollo groups & CCL products increased their sales by 20%. This year the sales of CCL products is five times the sales of  Maruti Suzuki. How much were the sales of Maruti Suzuki last year is the total sales remained constant over the two years period?
Satish is a Manager in a sales department of the company and under him three team leaders Ashu, Tapan and Suman work, each team leader has five members each and average sales by the team of Ashu, Tapan and Suman is 67, 72 and 48 respectively, the avg sales include the sales done by team leaders also, if the average target sales for the month is 63, how much sales Satish have to do to reach the target? 
A certain company that sells only cars and trucks reported that revenues from car sales in 1997 were down 11 percent from 1996 and revenues from truck sales in 1997 were up 7 percent from 1996. If total revenues from car sales and truck sales in 1997 were up 1 percent from 1996, what is the ratio of revenue from car sales in 1996 to revenue from truck sales in 1996?
"BDL Ltd. is currently preparing its cash budget for the year to 31 March 20XX. An extract from its sales budget for the same year shows the following sales values.
Rs
March 60,000
April 70,000
May 55,000
June 65,000
40% of its sales are expected to be for cash. Of its credit sales, 70% are expected to pay in month after sale and take a 2% discount. 27% are expected to pay in the second month after the sale, and the remaining 3% are expected to be bad debts. The value of sales budget to be shown in the cash budget for May 20XX is"
Which of the following is required while vouching Sales? (i) Examine sales book (ii) Examine sales Invoices (iii) Examine Cut off Points (iv) Examine the numerical sequence of source documents generated within the organization
Study the given bar graph and answer the question that follows. The given bar graph represents the Sales Turnover (in Rs.  crore) of five automobile companies A, B. C, D and E during 2014-2015 and 2015-2016. The X-axis represents the Companies, and the Y-axis shows the Sales Turnover (in Rs. crore). (The data shown here is only for mathematical exercise. They do not represent the actual figures of the company.) What should have been the sales turn over (in Rs. crore) of Company C in 2015-2016 to have shown the same increase in its sales over 2014-2015 as shown by the sales turnover of Company E?
In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the suggested course of action logically follow (s) for pursuing. Statement: The India Risk Survey 2017 report ranks 'Information & Cyber Insecurity' as the biggest risk facing Indian companies. Indian organizations, both public and private, had witnessed over 27,000 incidents of security threat, from January 2017 till June 2017 alone. Phishing, scanning/probing, website intrusions and defacements, virus/malicious code, ransomware, Denial of Service attacks, and data breaches are some ways in which hackers attack business websites, which can cause operational disruptions and potentially steal sensitive information. Small and medium businesses (SMBs), unfortunately, have been seeing rising incidences of cybercrime. In fact, 70 percent of cyberattacks occur at organizations with lesser than 100 employees  Courses of action: I. Mandate basic security practices and policies for all employees, such as 2-factor authentication, internet use guidelines and create and enforce rules on handling and protecting sensitive data. Conduct frequent training to sensitize employees about opening suspicious emails, encrypting their data, using strong passwords on their devices, installing security apps, and limiting activity over public Wi-Fi. Implement and enforce incident reporting to help ensure that even the smallest breach is report to management as well as the IT teams. II. Basics still matter and are some of the best defenses against viruses, malware, and other online threats. Assess the assets that are most at risk - data, servers, network - and ensure that the systems are updated with the latest security software, web browser, and operating system. Implement firewall security and run antivirus software after each update.  III. Ensure regular backup of all critical data - whether stored in-house or on the cloud. Run scheduled attack drills and stress tests to identify vulnerabilities and ensure that data restoration and business continuity are executed as planned.
The auditor is most likely to examine related party transactions very carefully while vouching: