1. By preparing a bank reconciliation at year end, and auditor will generally be able to detect:

1. An embezzlement of cash receipts not recorded in the cash receipts journal before they had been deposited into the bank
2. An unrecorded check written at the beginning of the month which was cashes during the period covered by the reconciliation
3. None is correct
4. A second payment of an account payable which had already been paid in full two months earlier

2. Tracing from shipping documents (bill of lading) to entries in the sales journal provides evidence most directly related to which sales assertion ?

1. Horizontal
2. Completeness
3. Existence
4. Presentation