The audit working paper known as a "proof of cash" is a means of proving that checks paid by the bank during the test period were not in excess of authorized cash receipts during that same test period.
a. true
b. false
Answer: b. false
You might also like to view...
Which of the following is NOT a reason why people are motivated to hold money?
A) precautionary demand B) liability demand C) asset demand D) transactions demand
Total cost falls when marginal cost is ________, and total cost rises when marginal cost is ________
A) negative; positive B) positive; negative C) zero; negative D) zero; positive
Other nations had tried economic union in the past, and since adopting a common currency had shown economic benefits for them, the nations of Europe decided to try it too
Indicate whether the statement is true or false
The study of an individual's choice about what type of computer to buy is a subject of
A) macroeconomics. B) microeconomics. C) an aggregate concept. D) not a concern for economic analysis.