Which of the Following Misstatements Would Normally Be Discovered as Part

question 40

Multiple Choice

Which of the following misstatements would normally be discovered as part of the audit of the bank reconciliation?

• A) Cash received by the client subsequent to the balance sheet date but recorded as cash receipts in the current year
• B) Deposits recorded as cash receipts near the end of the year, deposited in the bank in the same month and included in the bank reconciliation as a deposit in transit
• C) Payments on loans debited directly to the bank account but not entered in the client's records
• D) All of the above

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Definitions:

Relationship Maintenance Strategy

Actions or behaviors used in a relationship to ensure its continuity, satisfaction, and health over time.

Positivity Strategy

involves using affirmative and constructive communication or actions to foster positive interpersonal relationships.

Suppressing Complaints

The act of intentionally holding back or not expressing dissatisfaction or grievances in order to avoid conflict or maintain harmony in relationships.

Unrequited Romantic Interest

Feelings created when one partner desires a more intimate, romantic relationship than the other partner would like.