Which of the Following Misstatements Is Most Likely to Be

question 21

Multiple Choice

Which of the following misstatements is most likely to be uncovered during an audit of a client's bank reconciliation?

• A) duplicate payment of a vendor's invoice
• B) billing a customer at a lower price than indicated by company policy
• C) failure to record a collection of a note receivable by the bank on the client's behalf
• D) payment to an employee for more than the hours actually worked

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Definitions:

Morpheme

The smallest grammatical unit in a language, incapable of further division, that carries meaning; examples include root words, prefixes, and suffixes.

Syntax

The set of rules, principles, and processes that govern the structure of sentences in a given language, including word order and sentence organization.

Phoneme

A Phoneme is the smallest unit of sound in a language that can distinguish meaning between words.

Preference

A greater liking for one alternative over another or others.