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  3. Study Set
    Auditing and Assurance Services Study Set 2
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    Exam 14: Audit of the Sales and Collection Cycle: Tests of Controls
  5. Question
    A Proof of Cash Receipts Is Useful in Discovering Cash
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A Proof of Cash Receipts Is Useful in Discovering Cash

Question 119

Question 119

True/False

A proof of cash receipts is useful in discovering cash receipts that have not been recorded in the cash receipts journal or time lags in the client making deposits to the bank accounts.

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