Audit Prob Q6 Proof of Cash 2021
Audit Prob Q6 Proof of Cash 2021
You noted in your audit that the DAIF checks returned by the bank are recorded as a reduction on the cash receipts journal instead
of recording it at cash disbursements journal; redeposits are recorded as regular cash receipts.
You noted in your audit that the DAIF checks returned by the bank are recorded as a reduction on the cash receipts journal instead of recording it at cash disbursements
journal; redeposits are recorded as regular cash receipts.
You noted in your audit that the DAIF checks returned by the bank recorded as a reduction on the cash receipts journal instead of recording it at cash
disbursements journal; redeposits are recorded as regular cash receipts.
REQUIRED: