A Significant Part of the Total Audit That Relates to Cash

question 56

Multiple Choice

A significant part of the total audit that relates to cash is the audit of

• A)physical inventory on hand using an inventory count.
• B)assessment of the accounting policies in use.
• C)substantive testing of the ending accounts payable balance.
• D)sales and collections,payables payments,and payroll payments.

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Definitions:

CD

A compact disc, a digital optical data storage format used for storing digital audio, video, and data.

Inference Forms

Patterns of reasoning where the conclusion logically follows from the premises.

MP

An abbreviation often used for "Modus Ponens," a form of argument in logic where from "If P then Q" and "P" one concludes "Q."

Inference Forms

Patterns of reasoning where a conclusion is drawn from premises based on logical principles.