The Balance-Related Audit Objective to Determine That Cash in Bank

question 129

Multiple Choice

The balance-related audit objective to determine that cash in bank is properly presented and disclosed can be met through which of the following tests of details of balances?

• A) Trace outstanding cheques to subsequent period bank statement.
• B) Examine minutes, loan agreements, and the bank confirmation for restrictions on the use of cash and compensating balances.
• C) Foot the outstanding cheque list and deposits in transit.
• D) Test for kiting.

---

Definitions:

Epidermis

The outermost layer of skin, providing a waterproof barrier and creating skin tone.

Keratohyalin

Nonmembrane-bound protein granule in the cytoplasm of stratum granulosum cells of the epidermis.

Stratum Granulosum

A layer of the epidermis found beneath the stratum corneum and above the stratum spinosum, characterized by keratinocytes that start to undergo keratinization.

Epidermis

The skin's external layer, which forms a barrier preventing water from penetrating and determines the color of our skin.