To determine whether internal control relative to the revenue cycle of a wholesaling entity is operating effectively in minimizing the failure to prepare sales invoices, an auditor would most likely select a sample of transactions from the population represented by the:

To determine whether internal control relative to the revenue cycle of a wholesaling entity is operating effectively in minimizing the failure to prepare sales invoices, an auditor most likely would select a sample of transactions from the population represented by the: a. Sales order file.

What do you mean by Sales order file?

A sales order is a legal document that confirms the sale of the goods or services involved in a particular transaction. It is created by the seller and provided to the consumer. The sale's specifics are included in the paperwork, including the number, calibre, and cost of any items or services traded.

It should also include any additional details pertinent to the conditions and logistics of the sale itself, such as delivery date, delivery address, payment method, and so forth. An internal document created and maintained by the vendor is a sales order. This enables businesses to monitor the orders they fulfil.

Manufacturers, merchants, distributors, and suppliers are the ones who use sales orders the most frequently.

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