The Control Objective Associated with Selecting a Sample of Cash

question 115

Multiple Choice

The control objective associated with selecting a sample of cash receipts remittance lists or daily cash reports and tracing them through to the cash receipts journal is

• A)validity.
• B)completeness.
• C)existence.
• D)ownership.

Recognize the importance and method of calculating quality of income ratio and its impact on financial analysis.

Acknowledge the mechanism of the indirect method for determining cash flows from operating activities.

Differentiate between cash and non-cash transactions and their presentation in financial statements.

Understand the risk factors associated with the development of cancer.