What tools do auditors use to verify the ending balances in the various accounts in the acquisition and payments cycle? Please provide reference(s).

6) Examine the cash receipts journal in the accounting system and compare the amounts received to the corresponding amounts invoiced in the revenue accounting system and to the bank statement evidencing the deposit. This is an example of which of the following?                     A) audit objective                    B) audit assertion         C) audit procedure                 D) audit program

Explain the concept of double-entry bookkeeping and how it ensures accuracy in financial records.

What type of internal control is matching supporting documents before paying an invoice?