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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Definitions:

Paralyzing Fear

An intense, overwhelming fear that prohibits an individual from taking action or making decisions.

Maladaptive Behaviors

Actions or tendencies that are counterproductive to oneself or others, often diminishing quality of life or interfering with effective functioning.

Anxiety Disorder

A mental health disorder characterized by feelings of worry, anxiety, or fear that are strong enough to interfere with one's daily activities.

Social Anxiety Disorder

A chronic mental health condition characterized by intense anxiety or fear of being judged, negatively evaluated, or rejected in a social or performance situation.