An Audit Procedure That Compares the Name,amount,and Dates Shown on Remittance

question 75

Multiple Choice

An audit procedure that compares the name,amount,and dates shown on remittance advices with cash receipts journal entries and with related duplicate deposit slips would be effective in detecting

• A)kiting.
• B)lapping.
• C)illicit write-offs of customers as uncollectible accounts.
• D)sales without proper credit authorization.

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Definitions:

Ventilator

A machine that provides mechanical ventilation by moving breathable air into and out of the lungs, to deliver breaths to a patient who is physically unable to breathe.

DNAR (AND) Prescription

A medical order (Do Not Attempt Resuscitation / Allow Natural Death) indicating that no resuscitative efforts should be made in the event of a patient's cardiac or respiratory arrest.

Ethically Sound Compromise

A solution to a moral or ethical dilemma that is acceptable to all parties involved and adheres to principles of ethical conduct.

Settlement

The resolution of a dispute or lawsuit, often involving an agreement between the parties involved, sometimes including a financial payment.