An auditor may obtain information on the December 31 month-end balance per bank in which of the following? $$\begin{array}{l}
\begin{array} { c }
&\text { December } 31 \text { Bank Statement } & \text { Schedule of Bank (Cash) Transfers }\
\text { A) } & \text { Yes } & \text { Yes } \
\text { B) } & \text { Yes } & \text { No } \
\text { C) } & \text { No } & \text { Yes } \
\text { D) } & \text { No } & \text { No }
\end{array}
\end{array}$$

Question

An auditor may obtain information on the December 31 month-end balance per bank in which of the following? $$\begin{array}{l}
\begin{array} { c } 
&\text { December } 31 \text { Bank Statement } & \text { Schedule of Bank (Cash) Transfers }\
\text { A) } & \text { Yes } & \text { Yes } \
\text { B) } & \text { Yes } & \text { No } \
\text { C) } & \text { No } & \text { Yes } \
\text { D) } & \text { No } & \text { No }
\end{array}
\end{array}$$

Quizplus · Accepted Answer

The December 31 bank statement directly provides the month-end balance per bank, while the schedule of bank transfers does not.

An Auditor May Obtain Information on the December 31 Month-End