Explain how each of the following items would appear in a four-column proof of cash for the
Question:
a. Outstanding checks at November 30.
b. Deposits-in-transit at October 31.
c. Check issued and paid in November, drawn payable to Cash.
d. The bank returned $1,800 in NSF checks deposited by the client in November; the client redeposited $1,450 of these checks in November and $350 in December, making no additional entries in the accounting records.
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Principles of Auditing and Other Assurance Services
ISBN: 978-0078025617
19th edition
Authors: Ray Whittington, Kurt Pany
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