Multiple Choice
The bank reconciliation should be prepared by:
A) someone independent of handling cash receipts and cash payments.
B) someone independent of handling or recording cash receipts.
C) someone independent of the finance manager.
D) the finance manager.
Correct Answer:
Verified
Correct Answer:
Verified
Q60: State three examples of errors or irregularities
Q82: A set of records for each piece
Q83: The test of details of balance procedure
Q84: The failure to capitalise a permanent asset,
Q87: It should ordinarily be unnecessary to examine
Q88: Usually dividends are audited:<br>A) on a 100%
Q89: Which of the following cycles does NOT
Q90: Because cash is the most desirable asset
Q91: Analytical procedures are essential for borrowings because:<br>A)
Q96: The emphasis in the audit of dividends