Question

The auditor uses a proof of cash to determine whether: All recorded cash disbursements were paid by the bank All amts paid by the bank were recorded

A) YY
B) NN
C) YN
D) NY

Answer 1

An auditor uses a proof of cash to verify cash disbursements and receipts.

Step-by-step explanation:

The subject of this question is Business. Specifically, it is related to the role of an auditor in financial accounting. The auditor uses a proof of cash to determine whether all recorded cash disbursements were paid by the bank and whether all amounts paid by the bank were recorded. This process helps ensure the accuracy and integrity of cash transactions.