[Anonymous]

I have seen a couple of these multiple choice questions already and can never really understand the explanation Becker gives.

Which of the following cash transfers results in a misstatement of cash at year end?

Disbursement Deposit Paid Recorded

Recorded Received by received

in Books in Books Bank by bank

1/5/02 12/31/01 12/31/01 1/4/02

1/1/02 1/1/02 12/31/01 12/31/01

12/31/01 12/30/01 12/30/01 1/4/02

1/4/02 1/7/02 1/4/02 1/4/02

The correct answer is the first one.

Can someone please explain to me which dates should I be comparing?

Thanks in advance!

[MassCPA2014]

Fortunately I know which problem you're talking about. You want to be comparing the date deposited with the date recorded in the first two columns. If it's recorded in a different year than deposited, that's a problem.

I think that's right for what you're asking, if I'm thinking of the same problem.

FAR: 86
AUD: 88
REG: 85
BEC: 84
DONE!

[MassCPA2014]

Fortunately I know which problem you're talking about. You want to be comparing the date deposited with the date recorded in the first two columns. If it's recorded in a different year than deposited, that's a problem.

I think that's right for what you're asking, if I'm thinking of the same problem.

FAR: 86
AUD: 88
REG: 85
BEC: 84
DONE!

[Anonymous]

@MassCPA2014 Thanks!

But do you mean the last two columns do not matter?

And I guess I was misinterpreting the wording of the questions. I always compared column 1 and 3 and column 2 and 4. And I thought the answer was number 3 because there might be an offsetting effect on option 1.. I guess I am just still confused by the wording..

[Anonymous]

@MassCPA2014 Thanks!

But do you mean the last two columns do not matter?

And I guess I was misinterpreting the wording of the questions. I always compared column 1 and 3 and column 2 and 4. And I thought the answer was number 3 because there might be an offsetting effect on option 1.. I guess I am just still confused by the wording..

[Author]

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