MCQOPTIONS
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| 1. |
When counting cash on hand the auditor should ___ |
| A. | Ensure presence of somebody from management |
| B. | Obtain a receipt from custodian as to its return |
| C. | Ensure postage and revenue stamps are not counted in physical count |
| D. | Temporary advances to employees are counted to calculate balance of cash in hand |
| Answer» D. Temporary advances to employees are counted to calculate balance of cash in hand | |