It Is Easy to Test for a Cash Receipts Cutoff

question 20

Multiple Choice

It is easy to test for a cash receipts cutoff error by:

• A) observing the counting of cash at the balance sheet date.
• B) performing a four- column proof- of- cash.
• C) reconciling the bank statement.
• D) tracing recorded cash receipts to bank deposits on the bank statement of a subsequent period.

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Definitions:

Proximal Convoluted Tubule

Portion of a nephron following the glomerular capsule where tubular reabsorption of filtrate occurs.

Glomerular Filtrate

The fluid that is filtered from the blood through the glomeruli of the kidney during the formation of urine.

Metabolically Important Substances

Chemical compounds or elements that play crucial roles in the metabolic processes of organisms, including nutrients, enzymes, and hormones.

Glucose

Six-carbon monosaccharide; used as an energy source during cellular respiration and as a monomer of the structural polysaccharides.