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    Auditing Assurance Services Study Set 1
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    Exam 16: Audit of Transaction Cycles and Financial Statement Balances II
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    Cash Account Is Primarily Affected by Which Transactions in the Acquisitions
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Cash Account Is Primarily Affected by Which Transactions in the Acquisitions

Question 74

Question 74

Multiple Choice

Cash account is primarily affected by which transactions in the acquisitions and payment cycle?


A) Expenses
B) Accounts payable
C) Both A and B
D) None of the above

Correct Answer:

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