Which of the Following Is a Correct Statement

question 103

Multiple Choice

Which of the following is a correct statement?

• A)A proof of cash receipts is a test of the balance in the cash account at a point in time.
• B)The proof of cash disbursements is effective for discovering a check written for the incorrect amount for which the dollar amount in cash disbursements is also incorrect.
• C)It is extremely difficult for an auditor to detect thefts of cash, especially omitted transactions and account balances.
• D)Segregation of duties is not an important control procedure for cash in a small business.

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Definitions:

Pressure Gradient

The physical quantity that represents the rate of pressure changes over a specified distance in a fluid medium.

Phloem

The plant's vascular system responsible for moving sugars and other substances produced during metabolism from the leaves downward.

Springwood

The portion of a tree's annual growth ring that is formed in the early part of the growing season, characterized by larger and less dense cells than those produced later in the season.

Conducting Cells

Cells in plants that form the tubes for transporting water, minerals, and nutrients, namely xylem and phloem cells.