Which of the Following Is a Common Analytical Procedure That

question 51

Multiple Choice

Which of the following is a common analytical procedure that may detect misstatements in cash?

• A)calculation of inventory turnover and gross profit
• B)review of amounts included in the earnings-per-share calculations
• C)comparison of outstanding cheques and deposits in transit with the prior year bank reconciliation
• D)comparison of gross sales on a month by month basis with the prior year