SUBSECTION 6.2.3.2 ADDITIONAL PROGRAMS FOR PROPRIETARY FUNDS

6.2.3.2.1

Inventories

Effective Date:

July 1, 1991

6.2.3.2.1.a	Arrange for and take/supervise physical count.
6.2.3.2.1.b	Duplicate tally tags or sheets to be checked in office.
6.2.3.2.1.c	Check items in transit, including those in inventory or in liabilities.
6.2.3.2.1.d	Check prices to latest purchase invoices.
6.2.3.2.1.e	Compare with previous inventory for unsalable merchandise.
6.2.3.2.1.f	Check prices against subsequent sales.
6.2.3.2.1.g	Check sales - period after inventories to merchandise inventories.
6.2.3.2.1.h	Check work-in-process against cost system.
6.2.3.2.1.i	Check additions and extensions.

6.2.3.2.2

Sales

Effective Date:

July 1, 1991

6.2.3.2.2.a	Check totals of all sales for period.
6.2.3.2.2.b	Check postings to ledgers.
6.2.3.2.2.c	Check additions on individual invoices.
6.2.3.2.2.d	Test extensions and prices.
6.2.3.2.2.e	Account for sales invoices and sequence.
6.2.3.2.2.f	Check invoice postings to subsidiary.
6.2.3.2.2.g	Check sales after audit date which were delivered prior to audit date.
6.2.3.2.2.h	Check sales prior to audit date which were delivered after the audit date.
6.2.3.2.2.i	Check shipping record to invoices.
6.2.3.2.2.j	Check return totals and postings to ledgers.
6.2.3.2.2.k	Check return credits to customers' ledger accounts.
6.2.3.2.2.l	Account for sales returns and sequence.
6.2.3.2.2.m	Examine returns against receipts and receiving record.
6.2.3.2.2.n	Check returns against original sale.