An Auditor Compares Information on Canceled Checks with Information Contained

Multiple Choice

An auditor compares information on canceled checks with information contained in the cash disbursements journal. The objective of this test is to determine that

A) Recorded cash disbursement transactions are properly authorized.
B) Proper cash purchase discounts have been recorded.
C) Cash disbursements are for goods and services actually received.
D) No discrepancies exist between the data on the checks and the data in the journal.