You are examining the records of Shala Company where internal control is identified to be weak. Part of your audit includes reconciliation of cash shortage for December 2021. You have determined that Shala's cash reconciliation as of November 30, 2021 is correct. The following information is available to you: Shala's bank reconciliation, November 2021 Cash per general Ledger Less: Cash on hand Less: Bank Service Charge Add: Outstanding Checks Balance per Bank 526,348 42,178 484,170 1,800 482,370 198,200 680,570 Cash receipts is summarized weekly. The cash receipts book for December is show helour
You are examining the records of Shala Company where internal control is identified to be weak. Part of your audit includes reconciliation of cash shortage for December 2021. You have determined that Shala's cash reconciliation as of November 30, 2021 is correct. The following information is available to you: Shala's bank reconciliation, November 2021 Cash per general Ledger Less: Cash on hand Less: Bank Service Charge Add: Outstanding Checks Balance per Bank 526,348 42,178 484,170 1,800 482,370 198,200 680,570 Cash receipts is summarized weekly. The cash receipts book for December is show helour
Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter10: Auditing Cash And Marketable Securities
Section: Chapter Questions
Problem 32MCQ
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cash shortage as of December 31 and adjusted book balance as of december 31?
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