On receiving the cutoff bank statement, the auditor should vouch :

Ibrahimhamm

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2022-07-02

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Deposits in transit on the year-end bank reconciliation to deposits in the cash receipts journal.
Checks dated before year-end listed as outstanding on the year-end bank reconciliation to the cutoff statement.
Deposits listed on the cutoff statement to deposits in the cash receipts journal.
Checks dated after year-end to outstanding checks listed on the year-end bank reconciliation and to the cutoff statement.

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Ibrahimhamm

2022-07-02

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