To Address the Assertion of Accuracy for Cash Receipts, Which

question 18

Multiple Choice

To address the assertion of accuracy for cash receipts, which of the following are exception reports generated daily?

• A)Any recorded values of cash received not supported by an underlying remittance report or cash receipts journal
• B)Inappropriate discounts taken by customers for early payment
• C)Any cash receipts recorded in the incorrect time period
• D)Any recorded cash receipts not supported by the bank remittance report

---

Definitions:

Transportation Modeling

A method used to represent and analyze the movement of goods or services across a network, aiming to optimize routes, minimize costs, or improve efficiency.

Iterative Technique

A procedure that repeats a series of operations until a specific condition is met, often used in computing and problem-solving to refine solutions.

Degeneracy

A situation in mathematical optimization where more than one solution exists for a problem, often complicating the solution process.

Transportation Model

A mathematical method used in operations research to solve problems involving the distribution of goods or services from multiple sources to multiple destinations.