Cash receipts from the cash register tapes totaled $897 . The cash count indicated that $927 is in the cash drawer. There is a change fund of $100 . The entry to record the difference would be
a. debit Cash for $30 and credit Cash Short and Over for $30; b. debit Cash Short and Over for $30 and credit Cash for $30; c. debit Cash for $70 and credit Cash Short and Over for $70; d. debit Cash Short and Over for $70 and credit Cash for $70; e. none of these
D
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An orientation program is training designed to prepare employees to perform their jobs effectively, learn about the organization, and establish work relationships.
Answer the following statement true (T) or false (F)
The obsolescence of long-lived assets is an inherent risk that should be considered by the auditor
a. True b. False Indicate whether the statement is true or false
Which of the following individuals is NOT recognized as a field worker?
A) an interviewer intercepting shoppers in a mall B) a project director conducting a pretest on a questionnaire recently designed C) a telephone interviewer calling from a central location D) an observer counting customers in a particular section of a store E) a worker mailing questionnaires from an office
Except in the case of qualifying accelerated death benefits, if a life insurance policy is sold or surrendered for a lump sum before the death of the insured, the amount received is taxable to the extent it exceeds the premiums paid.
Answer the following statement true (T) or false (F)