The most effective procedure to test the existence and accuracy of a client's year-end bank...

70.2K

Verified Solution

Question

Accounting

image

The most effective procedure to test the existence and accuracy of a client's year-end bank balance is to a. Vouch the deposits in transit b. Perform substantive analytic procedures c. Confirm the account balance directly with the bank d. Agree the balance to the general ledger

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students