Which of the Following Is a Correct Statement

question 132

Multiple Choice

Which of the following is a correct statement?

• A) The 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:

Aqueous Produced

Refers to the production of aqueous humor, a clear fluid in the eye that maintains eye pressure and provides nutrients to avascular areas.

Anterior Chamber

The fluid-filled space between the cornea and the iris in the eye, playing a key role in maintaining intraocular pressure.

Corneal Light Reflex

The reflection of light off the cornea of the eye, used to assess the balance and alignment of the eyes.

Asymmetric Light Reflex

A condition where the reflection of light from the eyes' pupils is not equal, often indicating a potential neurological or ophthalmic issue.