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REVENUE AND RECEIPTS CYCLE





            RECORDING SALES RISKS




            • Invoicing are omitted from the sales journal



            • Invoices are duplicated in the sales journal



            • Invoices are inaccurately entered in the sales


                journal e.g. R7689,60 is entered as R7986,60



            • Invoices entered against incorrect debtor when


                posting (transferring) to the debtors ledger

                accounts.
















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