(A) credit purchase
(B) credit sale
(C) purchase return
(D) sale return
Answer: (A) credit purchase
An auditor is most likely to examine the related party transaction very carefully while vouching credit purchase.
(A) credit purchase
(B) credit sale
(C) purchase return
(D) sale return
Answer: (A) credit purchase
An auditor is most likely to examine the related party transaction very carefully while vouching credit purchase.