From the following trial balance provided by an audit client, select 5 accounts and enumerate the...
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From the following trial balance provided by an audit client, select 5 accounts and enumerate the audit procedure that needs to be performed. AU3305 Banking Corporation Trial Balance As of December 31, 2022 Account Cash on Hand Petty Cash Fund ((2,550 cash balance per physical count) Cash in Banks - Current Account Cash in Banks - Time deposit Account Loans and Receivables Total Allowance for Uncollectible Accounts Supplies Inventories Office Equipment Deposit Liabilities Capital Stock Interest Income Interest Expense Depreciation Expense Interest Expense Salaries and Wages Other Income Debit 100,000.00 10,000.00 2,000,000.00 2,000,000.00 2,500,000.00 400,000.00 300,000.00 1,500,000.00 200,000.00 150,000.00 90,000.00 Credit 500,000.00 5,000,000.00 1,200,000.00 2,500,000.00 50,000.00 9,250,000.00 9,250,000.00 From the following trial balance provided by an audit client, select 5 accounts and enumerate the audit procedure that needs to be performed. AU3305 Banking Corporation Trial Balance As of December 31, 2022 Account Cash on Hand Petty Cash Fund ((2,550 cash balance per physical count) Cash in Banks - Current Account Cash in Banks - Time deposit Account Loans and Receivables Total Allowance for Uncollectible Accounts Supplies Inventories Office Equipment Deposit Liabilities Capital Stock Interest Income Interest Expense Depreciation Expense Interest Expense Salaries and Wages Other Income Debit 100,000.00 10,000.00 2,000,000.00 2,000,000.00 2,500,000.00 400,000.00 300,000.00 1,500,000.00 200,000.00 150,000.00 90,000.00 Credit 500,000.00 5,000,000.00 1,200,000.00 2,500,000.00 50,000.00 9,250,000.00 9,250,000.00
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Related Book For
Auditing Cases An Interactive Learning Approach
ISBN: 9780134421827
7th Edition
Authors: Mark S Beasley, Frank A. Buckless, Steven M. Glover, Douglas F Prawitt
Posted Date:
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