A comparison of checks listed on a sample of deposit slips to the detail of customer credits posted to customer accounts receivable can be an audit test for lapping.

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This statement is true. Lapping occurs when a person takes a customer's payment and uses a subsequent payment to cover up the first payment. By comparing the checks listed on deposit slips to the detail of customer credits posted to customer accounts receivable, auditors can identify any patterns of delayed or missing deposits that may indicate lapping.

A Comparison of Checks Listed on a Sample of Deposit