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What are the components of cash audit
What are the components of cash audit
Expert Solution
Following are the components of cash audit;
- Corporal confirmation of cash
- Demand draft received.
- Bank reconciliation checking.
- Cash payment authorization
- Cash receipt with cash book survey.
- Cash book balance and posting survey.
- Parties direct deposit to bank survey.
- Cash withdrawal entries with Bank statements and entries survey in cash book.
- Cash payment voucher survey.
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