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Author Question: Match six of the terms (a-k) with the descriptions/definitions provided below (1-6).a.bank ... (Read 37 times)

Hunchojack2019!!

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on: Aug 21, 2022

Question 1

Explain kiting, and discuss how it is performed.

Question 2

Match six of the terms (a-k) with the descriptions/definitions provided below (1-6).

a.bank reconciliation
b.branch cash account
c.cash equivalents
d.cutoff bank statement
e.general cash account
f.imprest payroll account
g.imprest petty cash fund
h.kiting
i.proof of cash
j.standard bank confirmation form
k.lapping

________ 1. a fund of cash maintained within the company for small cash acquisitions, expenses, or to cash employees' checks

________ 2. a form approved by the AICPA and American Bankers' Association through which the bank responds to the auditor about bank balance and loan information

________ 3. excess cash invested in short-term, highly liquid investments such as time deposits, certificates of deposit, and money market funds

________ 4. the primary bank account for most organizations

________ 5. the transfer of money from one bank account to another and improperly recording the transfer so that the amount is recorded as an asset in both accounts

________ 6. the document usually prepared by client personnel of the differences between the cash balance recorded in the general ledger and the amount in the bank account
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by Hunchojack2019!! on Aug 21, 2022

ludadtpb

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Hunchojack2019!!

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

matt95

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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