Business Studies, asked by rupputripathi, 1 month ago

Explain the Audit procedure in an organisation where most of the sales is in cash.

Answers

Answered by suryanshumohansingh

0

Explanation:

Substantive Procedures for Cash

Confirm cash balances.

Vouch reconciling items to the subsequent month's bank statement.

Ask if all bank accounts are included on the general ledger.

Inspect final deposits and disbursements for proper cutoff.

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