When Performing Substantive Tests of the Payroll Process, Recalculating Accrued

question 71

Multiple Choice

When performing substantive tests of the payroll process, recalculating accrued payroll tax liabilities at year-end to underlying payroll records is a test of which of the following key assertions?

• A)Occurrence, accuracy, and classification
• B)Occurrence, completeness, and valuation
• C)Completeness, valuation, and existence

---

Definitions:

JavaScript

A high-level, interpreted scripting language widely used for creating and controlling dynamic website content.

HTML

Hypertext Markup Language, the standard markup language used to create and structure web pages and web content.

Spreadsheet

A digital document that uses columns and rows to organize data, calculations, and information, often used for accounting, budgeting, and managing data with formulas and functions.

Basic Calculations

Simple arithmetic operations, such as addition, subtraction, multiplication, and division, executed manually or through software applications.