Two Months Before the Year-End the Bookkeeper Erroneously Recorded the Receipt

question 24

Multiple Choice

Two months before the year-end the bookkeeper erroneously recorded the receipt of a long-term bank loan by a debit to cash and a credit to sales. Which of the following is the most effective procedure for detecting this
Type of misstatement?

• A) Analyse bank confirmation information.
• B) Analyse the notes payable journal.
• C) Prepare a year-end bank transfer schedule.
• D) Prepare a year-end bank reconciliation.

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Definitions:

Case Management Tasks

Activities carried out by case managers to coordinate and provide services to their clients, often including assessment, planning, facilitation, care coordination, evaluation, and advocacy.

Change-Oriented Intervention

Strategies or actions aimed at modifying behavior, conditions, or situations to achieve desired improvements or outcomes.

Knowledge and Skills

The theoretical understanding, practical abilities, and expertise required to perform tasks or solve problems efficiently.

Barrier to Task Completion

An obstacle or challenge that hinders the ability to successfully finish a task.