📊 Auditing
Q. When counting cash on hand the auditor should:
  • (A) ensure presence of somebody from management
  • (B) obtain a receipt from custodian as to its return
  • (C) ensure postage and revenue stamps are not counted in physical count
  • (D) temporary advances to employees are counted to calculate balance of cash in hand
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✅ Correct Answer: (C) ensure postage and revenue stamps are not counted in physical count

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Ravi Chauhan
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