You have the following transactions post to your account on the same day: your paycheck deposit, a check you wrote for your rent, and a debit transaction for groceries. Which would be processed FIRST?

a. Your paycheck deposit

b. The check you wrote for rent

C.The debit transaction for groceries

d. It depends which day of the week it is

The procedure which would be performed by the accountant while reviewing the financial statements of a non issuer is C) obtaining a management representation letter.

Explanation:

When an accountant is performing the review of financial statements of a non issuer , then it is mandatory for the accountant to comply with the provision of SSARS ( Statement for accounting and review services ) . So while performing the review, accountant can make inquires about what actions were taken at the board of directors meeting and accountant can make this inquire by asking for a representation letter from management.