Question
In regard to the cash proof which of the following is false?1) The proof of cash method proves that all the receipts and payments by
In regard to the cash proof which of the following is false?1) The proof of cash method proves that all the receipts and payments by the bank agree with all the cash receipt and cash disbursement records of the organization. 2)The proof of cash method will isolate and identify specific unrecorded transactions. 3)The proof of cash is for a period of time. 4)The proof of cash is the best tool to use when you suspect that transactions may be deposited and withdrawn from a bank account, but are not recorded in the company's internal books. 5)The proof of cash is for a point in time.
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