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What is the purpose of comparing the rough cash book with the main cash book?
  • a)
    To identify discrepancies in cash transactions.
  • b)
    To verify the accuracy of bank passbook entries.
  • c)
    To check for manipulation in cash receipts.
  • d)
    To determine the daily cash sales amount.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What is the purpose of comparing the rough cash book with the main cas...
Comparing the rough cash book with the main cash book helps auditors identify potential manipulation or discrepancies in cash receipt entries. This step ensures that all cash transactions are accurately and transparently recorded, minimizing the chance of fraudulent activities.
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What is the purpose of comparing the rough cash book with the main cash book?a)To identify discrepancies in cash transactions.b)To verify the accuracy of bank passbook entries.c)To check for manipulation in cash receipts.d)To determine the daily cash sales amount.Correct answer is option 'C'. Can you explain this answer?
Question Description
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