Lilia Hussey Made Two Statements to Sami Moneymaker About Cut-Off

question 14

Multiple Choice

Lilia Hussey made two statements to Sami Moneymaker about cut-off procedures: Testing cut-off transactions is particularly important for transactions close to year end.
Cut-off procedures help determine whether transactions have been recorded in the correct accounting period.
Which of these statements were true?

• A) (i) only
• B) (ii) only
• C) both (i) and (ii)
• D) neither (i) nor (ii)

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Definitions:

Alcohol

A psychoactive substance commonly found in beverages like beer, wine, and spirits, which can have intoxicating effects.

Esophageal

Pertaining to the esophagus, which is the muscular tube that connects the throat (pharynx) with the stomach.

Endometrial

Pertaining to or involving the endometrium, which is the mucous membrane lining the uterus.

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Pertaining to the colon and rectum. It is often used in the context of diseases, disorders, and treatments affecting these parts of the digestive system.