
The auditor uses a proof of cash to determine whether
A) internal controls over cash have been functioning effectively in the period under audit.
B) all recorded cash receipts were deposited and whether all recorded cash disbursements were paid by the bank.
C) accounts receivable was properly recorded and whether cash receipts transactions were properly recorded.
D) accounts payable was properly recorded and whether cash disbursement transactions were properly recorded.
Correct Answer:
Verified
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