The Audit and Accounting Concern Addressed in a Monthly Proof

question 44

Multiple Choice

The audit and accounting concern addressed in a monthly proof of cash is with

• A) adjusting account balances.
• B) reconciling the amounts recorded in the books with the amounts included in the bank statement.
• C) determining the month-end balance.
• D) identifying cash transfers.

Determine times interest earned ratios.

Calculate and interpret equity multipliers.

Understand and calculate accounts receivable turnover and total sales.

Determine inventory turnover.