Multiple Choice
Which of the following tests of details of transactions can be used as a dual-purpose test in conjunction with tests of controls?
A) Test a sample of purchase requisitions for proper authorization.
B) Obtain selected vendors' statements and reconcile to vendor accounts.
C) Obtain listing of accounts payable and compare total to general ledger.
D) Review results of confirmations of selected accounts payable.
Correct Answer:
Verified
Correct Answer:
Verified
Q12: Purchase cutoff procedures should be designed to
Q13: With respect to a small company's system
Q14: Assertions about account balances at the period
Q15: Describe three categories of expenses outlined in
Q16: A voucher:<br>A)is a bill from the vendor.<br>B)is
Q18: Which of the following procedures would an
Q19: Tests of controls for the occurrence assertion
Q20: Accounts payable confirmations are used less frequently
Q21: If payables turnover has increased significantly since
Q22: Which of the following questions would most