Which of the Following Misstatements Would Normally Be Discovered as Part

question 115

Multiple Choice

Which of the following misstatements would normally be discovered as part of the audit of the bank reconciliation?

• A) cash received by the client subsequent to the balance sheet date but recorded as cash receipts in the current year
• B) deposits recorded as cash receipts near the end of the year, deposited in the bank in the same month and included in the bank reconciliation as a deposit in transit
• C) payments on loans debited directly to the bank account but not entered in the client's records
• D) all of the above

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Definitions:

Cerebral Spinal Fluid

Cerebral spinal fluid is a clear, colorless body fluid found in the brain and spinal cord that acts as a cushion, protecting the central nervous system, and plays a role in the exchange of nutrients and waste.

Neoteny

Process in which juvenile stages of predecessors become adult features of descendants; idea derived from the observation that more recently evolved species resemble the young of their common ancestors.

Brain Cells

Cells located in the brain, including neurons and glial cells, responsible for processing information and supporting brain function.

Genetic Diversity

The total number of genetic characteristics in the genetic makeup of a species, contributing to variations among individuals and populations.