You Are Auditing the Bank Account of Calcutta Ltd (Calcutta)

Multiple Choice

You are auditing the bank account of Calcutta Ltd (Calcutta) .You decide to send a standard bank confirmation request to the financial institutions with which Calcutta has done business during the year.A primary purpose of this test is to:

A) provide the data necessary to reconcile the accounts receivable subsidiary ledger with the general ledger.
B) analyse the notes payable journal.
C) detect kiting activities that may otherwise not be discovered.
D) corroborate information regarding Calcutta's deposits and loan balances.