Reconcile recorded cash disbursements with cash disbursements on the bank statement for a test month.
1. Discuss the following items with client personnel and observe activities: a. Segregation of duties b. Use of an adequate chart of accounts c. Use of pre-approved vendor list. d. Monthly reconciliation of accounts payable master file with the general ledger 2. Foot acquisitions and cash disbursements journals for a test month and trace postings […]