An Audit Procedure That Compares the Name, Amount, and Dates

question 99

Multiple Choice

An audit procedure that compares the name, amount, and dates shown on remittance advices with cash receipts journal entries and with related duplicate deposit slips would be effective in detecting

• A) kiting.
• B) lapping.
• C) unauthorized write-offs of customers as uncollectible accounts.
• D) sales without proper credit authorization.

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A unique capability or strategy employed by a company to outperform its competitors.

Barrier To Entry

Elements or circumstances that prevent or hinder the ability of new competitors to enter an industry or market.

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The art or profession of cutting, arranging, or shaping hair to enhance an individual's appearance.