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The Audit Objective of Determining That Cash in Bank, as Stated

Question 13
Multiple Choice
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Multiple Choice

The audit objective of determining that cash in bank, as stated on the reconciliation, foots correctly and agrees with the general ledger can be tested by which of the following procedures?

A)Performing tests for kiting
B)Receiving and testing a cutoff bank statement
C)Footing the outstanding checks list and the list of deposits in transit
D)Examining the minutes of the board of directors for restrictions on the use of cash

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