Which of These Is Not a Source of Potential Misstatement

question 25

Multiple Choice

Which of these is not a source of potential misstatement for the function of recording a payment?

• A) a cheque may be issued for unauthorised purchases
• B) a cheque may not be recorded promptly
• C) errors may be made in recording cheques
• D) All of the above are sources of potential misstatement for the function of recording a payment.

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Definitions:

Slavery

A system in which people are treated as property to be bought, sold, and forced into labor without rights, historically widespread across the world and a significant cause of social and political strife.

Western Europeans

pertains to people or cultures originating from the western part of Europe, including countries like France, Germany, and the United Kingdom.

Prestige

The respect and admiration that a particularly successful or influential person or entity is regarded with, often due to their achievements.

Silk Road

An ancient network of trade routes that connected the East and West, facilitating not only the exchange of goods but also ideas and cultures.