Preparation of a Proof of Cash Would Not Be Useful

question 98

Multiple Choice

Preparation of a proof of cash would not be useful in discovering differences between the actual and reported cash balances if the differences were due to:

• A)deposits in transit.
• B)collections on the company's behalf by the bank which are deposited directly to the company's account.
• C)cash receipts that were not recorded in the relevant accounting records.
• D)service charges.

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Definitions:

Process Conflict

A type of conflict that arises from differences in understanding about how tasks should be accomplished in a work environment.

Disagreements

Instances of conflict or difference of opinion between individuals or groups.

Work Organized

A reference to how work is systematically arranged or structured within an organization to achieve efficiency and productivity.

Antagonistic Attitudes

Hostile or oppositional perspective towards others or certain ideas, often resulting in conflict or resistance.