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Can You Do A Cash-Basis Audit? [Solved]
In cash-basis bookkeeping, those transactions reflect only the payments that have actually been made and cash physically received, so there is no audit of outstanding transactions. During the review, you may identify potential errors or improper accounting procedures.
How to Audit Cash
In this video, I show
Auditing the CASH account - tests of controls and substantive testing
Do you
Cash Basis Accounting (Definition) | Example | Pro’s & Con’s
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