Because of the Effects of Circulation, Some Audit Evidence Is

question 27

Multiple Choice

Because of the effects of circulation, some audit evidence is more reliable than other audit evidence. Which of the following is generally considered to be the most reliable?

• A) Purchase requisitions.
• B) Suppliers' invoices.
• C) Receipted bank deposit slips.
• D) Cutoff bank statements.
• E) Paid checks.

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Definitions:

Dioxanes

A class of organic compounds with a six-membered ring consisting of four carbon atoms and two oxygen atoms at opposite positions.

Furans

A class of heterocyclic organic compounds, consisting of a five-membered aromatic ring with four carbon atoms and one oxygen.

Oxiranes

Another term for epoxides, which are three-membered cyclic ethers known for their reactivity and usefulness in synthesizing other compounds.

Oxetanes

Four-membered cyclic ethers with the formula C3H6O, known for their role in organic synthesis, particularly in polymer formulations and drug discovery.