In the Course of Testing Cash Balances at the Balance

question 90

Multiple Choice

In the course of testing cash balances at the balance sheet date,the auditor foots the bank reconciliation and traces its reported book balance to the trial balance and its bank balance to the standard confirmation in addressing the assertion(s) of

• A)rights.
• B)valuation.
• C)existence.
• D)all of the above.

---

Definitions:

New Spain

The name for the territory that was under Spanish rule in the Americas from the 16th to the 19th century, including modern-day Mexico, Central America, and parts of the United States.

Largest Cathedral

Refers to a cathedral that is notably the largest in terms of size or capacity in a certain context, such as a country or the world.

Mexico City

The densely populated, high-altitude capital of Mexico, known for its rich history, culture, and as a major political, economic, and cultural center.

Disposable Personal Income

The total amount of money available for an individual to spend or save after taxes have been paid.