The following are considered Financial Statements as per the Generally Accepted Accounting Principles $($GAAP$),$ except:

a$.)$ Profit & Loss Statement

b$.)$ Cash Flow Statement

c$.)$ Statement of Accounts

d$.)$ Balance Sheet

The following are some data regarding the inventory of Simba Company:

$\backslash$table$[[$Beginning Inventory,BD $1500],[$Ending Inventory,$3000],[$Purchases$,4000],[$Purchases Returns & Allowances,$250]]$

Required:

Compute for Cost of Sales

a$.)250$

b$.)2,250$

c$.)2,750$

d$.)3,000$

Below are the methods of conducting a Bank Reconciliation, except;

a$.)$ Bank to Book Method

b$.)$ Two$-$dated Method

c$.)$ Double$-$entry Method

d$.)$ Book to Bank Method

The two $(2)$ main activities of Internal Auditing are;

a$.)$ Assurance and Consulting

b$.)$ Assurance & Fraud Investigation

c$.)$ Implementing Policies & Procedures and Assurance

d$.)$ Consulting & Fraud Investigation