An Auditor Would Consider a Cashier's Job Description to Contain

question 11

Multiple Choice

An auditor would consider a cashier's job description to contain compatible duties if the cashier receives remittances from the mailroom and also

• A) records the journal entry to recognize the cash receipt.
• B) prepares the monthly bank reconciliation.
• C) prepares the daily deposit slip.
• D) approves customer discounts.

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Definitions:

Dividends Per Share

The amount of dividend a company pays out to each shareholder for each share they own, typically expressed on an annual basis.

P/E

Price-to-Earnings Ratio, a valuation metric comparing the current share price of a company to its per-share earnings.

Market Price

The current price at which an asset or service can be bought or sold on the open market.

Net Cash

The amount of cash available after accounting for cash inflows and outflows.