Question: On receiving the bank cutoff statement, the auditor should trace A. Deposits in transit on the year end bank reconciliation to deposits in the cash
On receiving the bank cutoff statement, the auditor should trace
A. Deposits in transit on the year end bank reconciliation to deposits in the cash receipts journal
B. Deposits listed on the cutoff statement to deposits in the cash receipts journal
C. checks dated subsequent to year end to the outstanding checks listed on the year end bank statement
D. Checks dated prior to year end to the outstanding checks listed on the year end bank reconciliation.
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