104. 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
✅ The correct answer is option C.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top