1.

Detailed tie-in – SL and GL reconciliation

2. Stock take – most important
3. Cutoff testing – both Sales and Purchases
4. NRV testing – fluctuation of prices;
perishable goods (not applicable for
minerals)
5. Confirmation – held by others; consignment
6. Analytical – both financial and non-financial
info

Problem 1
Problem 2 Problem 5

Problem 3

Problem 4

Problem 6
 Case C – Residual approach

Problem 1
Case D – Relative Sales Value

Case E

Problem 4

Problem 2
Problem 5

Problem 3
Case A

Case B

Carrying Amt
Joint – allocated relative sales value approach
By Product – residual approach
Problem 6

Problem 7