Kiting Would Least Likely Be Detected By

question 59

Multiple Choice

Kiting would least likely be detected by:

• A)Analyzing details of large cash deposits around year-end.
• B)Comparing customer remittance advices with recorded disbursements in the cash disbursements journal.
• C)Preparing a four-column bank reconciliation for all major cash accounts.
• D)Preparing a schedule of interbank transfers by using the client's records and bank statements around year-end.

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Definitions:

Accounting Cycle

The process of recognizing, recording, classifying, and summarizing financial transactions in a business over a specific period.