A proper cut-off of payment transactions at the year end, such as verifying and
examining the date of cheques outstanding as at the end of the reporting period, is essential
to the correct presentation of cash and accounts payable at the end of the reporting period.

Question

Quizplus · Accepted Answer

A proper cut-off of payment transactions at the year end, such as verifying and
examining the date of cheques outstanding as at the end of the reporting period, is essential
to the correct presentation of cash and accounts payable at the end of the reporting period.

A Proper Cut-Off of Payment Transactions at the Year End