Which of the Following Would Normally Be Discovered as Part

question 127

Multiple Choice

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

• A)failure to bill a customer
• B)failure to include a deposit in transit on the bank reconciliation
• C)duplicate payment of a vendor's invoice
• D)payment to an employee for more hours than she worked

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Definitions:

Credit Terms

Conditions under which a seller extends credit to a buyer, detailing the repayment time frame and any applicable discounts for early payment.