AUDITING RMU
AUDITING RMU
11th Edition
ISBN: 9781260934830
Author: MESSIER
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 16, Problem 16.12MCQ
To determine

Introduction:

Bank transfer is one were money is sent from one bank to another. Bank transfer schedule is prepared which is used by the auditor to check existence of kites by a client. It lists details of all transfers that is to and from client’s account.

Check Kiting is checking whether amount received is disbursed on the same date or not in books and how many bank reconciliations are outstanding and deposit in transit to be reconciled with bank balances.

To select: The correct option.

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