The auditors have two types of working paper files, the current file (CF) and the permanent file (PF). Using the initials and the spaces provided, indicate which file each of the following documents would most likely be filed. 8. loan agreement 9. confirmation of financial institution deposits 10. articles of incorporation 11. an analysis of long-term debt 12. general ledger 13. copies of the corporate by-laws 14. positive confirmation letter of customer's balance 15. bond indenture 16. analysis of owner's equity account 17. chart of accounts 18. pension agreement 19. adjusted trial balance 20. adjusting journal entries 21. analysis of miscellaneous expense 22. copy of financial statements
The auditors have two types of working paper files, the current file (CF) and the permanent file (PF). Using the initials and the spaces provided, indicate which file each of the following documents would most likely be filed. 8. loan agreement 9. confirmation of financial institution deposits 10. articles of incorporation 11. an analysis of long-term debt 12. general ledger 13. copies of the corporate by-laws 14. positive confirmation letter of customer's balance 15. bond indenture 16. analysis of owner's equity account 17. chart of accounts 18. pension agreement 19. adjusted trial balance 20. adjusting journal entries 21. analysis of miscellaneous expense 22. copy of financial statements
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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