Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

which of the following is least likely to be used as a substantive test relating to cash balances? A- send cash confirmations to all banks

which of the following is least likely to be used as a substantive test relating to cash balances?

A- send cash confirmations to all banks with whom the client has done business.

B- count all cash on hand.

C- obtain cutoff bank statements and perform the bank reconciliation .

D- verify that cash disbursement have been properly approved.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Cost Accounting A Managerial Emphasis

Authors: Srikant Datar, Madhav Rajan

16th Global Edition

1292211547, 9781292211541

More Books

Students also viewed these Accounting questions

Question

Describe the disciplinary action process.

Answered: 1 week ago