The Audit Objective of Determining That Cash in Bank, as Stated

question 49

Multiple Choice

The audit objective of determining that cash in bank, as stated on the reconciliation, foots correctly and agrees with the general ledger can be tested by which of the following procedures?

• A)Performing tests for kiting
• B)Receiving and testing a cutoff bank statement
• C)Footing the outstanding checks list and the list of deposits in transit
• D)Examining the minutes of the board of directors for restrictions on the use of cash

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Definitions:

Mothering Style

The distinctive approach or method that a mother uses in raising her offspring, influencing their psychological and emotional development.

Male Dominance

A social system in which males hold primary power and predominate in roles of political leadership, moral authority, social privilege, and control of property.

Anthropomorphic

Attributing human characteristics or behaviors to animals, gods, or inanimate objects.

Pheromones

Chemical substances produced and released into the environment by an animal, affecting the behavior or physiology of others of its species.