When testing cash balances at the balance sheet date,the auditor foots the bank reconciliation and traces its reported book balance to the trial balance and its bank balance to the standard confirmation.Which of the following assertions is being tested with these procedures?
A)Rights.
B)Valuation.
C)Existence.
D)All of the above.

Question

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The Answer of When testing cash balances at the balance sheet date,the auditor foots the bank reconciliation and traces its reported book balance to the trial balance and its bank balance to the standard confirmation.Which of the following assertions is being tested with these procedures?
A)Rights.
B)Valuation.
C)Existence.
D)All of the above.

When Testing Cash Balances at the Balance Sheet Date,the Auditor