What audit procedures would you use to verify each item in the bank reconciliation?

You are auditing general cash for the Pittsburgh Supply Company for the fiscal year ended July 31, 2019. The client has not prepared the July 31 bank reconciliation. After a brief discussion with the owner, you agree to prepare the reconciliation, with assistance from one of Pittsburgh Supply’s clerks. You obtain the following information: General […]

Using the high interest savings-account you researched, determine how much money would be in this savings account on your 18th birthday if interest is compounded monthly. Does this account contain enough money to pay for your first year of tuition?

In this assignment, you will take on the role of a student applying to post-secondary schools. You are beginning to explore your options for financing your education. PART I – RESEARCH You have heard about the costs associated with OSAP loans and are looking for an alternative financing method. A friend has introduced you to […]

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