The Auditors Use a Bank Cutoff Statement to Compare

question 39

Multiple Choice

The auditors use a bank cutoff statement to compare:

• A)Deposits in transit on the year-end cash general ledger account to deposits in the cash receipts journal.
• B)Checks dated prior to year-end to the outstanding checks listed on the year-end bank reconciliation.
• C)Deposits listed on the cutoff statement to disbursements in the cash disbursements journal.
• D)Checks dated subsequent to year-end to the outstanding checks listed on the year-end bank statement.

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