The Audit Procedure Referred to as Proof of Cash Receipts

question 98

Multiple Choice

The audit procedure referred to as proof of cash receipts is useful to test:

• A) time lags in making deposits.
• B) whether all recorded cash receipts have been deposited in the bank.
• C) whether there are cash receipts that have not been recorded in the journals.
• D) all of the above

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Definitions:

Subunits

refer to smaller, component parts or divisions within a larger organization, each focused on specific operational areas or functions.

Important Problems

Refers to pressing or significant issues that need immediate attention or resolution within an organization or society.

Referent Power

Influence derived from being admired, respected, or identified with, encouraging others to follow voluntarily.

Subordinates

Individuals who are lower in rank or position and are under the direction of someone else in an organization or hierarchy.