The Auditors Use a Bank Cutoff Statement to Compare

question 39

Multiple Choice

The auditors use a bank cutoff statement to compare:

• A)Deposits in transit on the year-end cash general ledger account to deposits in the cash receipts journal.
• B)Checks dated prior to year-end to the outstanding checks listed on the year-end bank reconciliation.
• C)Deposits listed on the cutoff statement to disbursements in the cash disbursements journal.
• D)Checks dated subsequent to year-end to the outstanding checks listed on the year-end bank statement.

---

Definitions:

Picture

An image or a visual representation of an object, scene, or person, captured by a camera, painted, or created by other means.

PowerPoint

A presentation program developed by Microsoft, used to create slideshows composed of text, graphics, and other objects, which can be displayed on-screen and navigated through by the presenter or printed out on transparencies or slides.

Slide Show

A presentation of a series of images or pages, often advanced automatically or controlled manually.

Create Pages

The act of generating new pages within a software application or document, often to add content or structure.