You Are Auditing the Bank Account of Calcutta Ltd (Calcutta)

question 78

Multiple Choice

You are auditing the bank account of Calcutta Ltd (Calcutta) .You decide to send a standard bank confirmation request to the financial institutions with which Calcutta has done business during the year.A primary purpose of this test is to:

• A)provide the data necessary to reconcile the accounts receivable subsidiary ledger with the general ledger.
• B)analyse the notes payable journal.
• C)detect kiting activities that may otherwise not be discovered.
• D)corroborate information regarding Calcutta's deposits and loan balances.

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