Audit Tests to Detect Lapping Involve Which of the Following

question 66

Multiple Choice

Audit tests to detect lapping involve which of the following?

• A) confirm accounts payable
• B) compare details of cash disbursements journal entries with the details of corresponding daily deposit slips
• C) prepare a bank transfer schedule
• D) make a surprise cash count
• E) use a bank cutoff statement

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Definitions:

Broke Down

Experienced a failure or malfunction, often used in reference to machinery or vehicles that have stopped working.

Necessary Forms

Essential documents or templates required for specific processes, such as applications, filings, or registrations.

Talk Loudly

Speaking with a high volume, often more than necessary for the situation, potentially to ensure being heard in noisy environments or for emphasis.

Unusually Chilly

A term used to describe a temperature that is significantly colder than what is typically expected for a certain time of year or location.