The balance of cash in often between one to five percent of total assets. Tick the most appropriate statement with regard to verification of cash in context of this

Related MCQs

• Which of the following is not true with regard to verification of assets?
• Verification of the value of assets, liabilities, the balance of reserves, provision and the amount of profit earned or loss suffered a firm is called _________.
• Balance sheet audit included verification of :
• The creditor’s accounts, generally, have credit balance. Debit balance may be due to
• Which of the following statement is not true regard to auditor’s attendance at stock taking?
• ________________ Asset, which is not subject to physical verification
• ________________ should be checked by the Auditor in verification of Machinery
• Verification refers to :
• An auditor is verifying valuation of building which has been self constructed by the client. Which of the following documents is least relevant to the auditor for verification purposes?
• Verification is :