Tests of Details of Balances Focus on Obtaining Evidence

question 3

Multiple Choice

Tests of details of balances focus on obtaining evidence:

• A)in the least costly manner.
• B)directly about an account balance.
• C)to refute instead of support an assertion.
• D)directly from an outside source.

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Definitions:

Personally

Refers to something done by a person directly, without the involvement of anyone else or any intermediaries.

Proper Indorsement

A legally acceptable signature or annotation on a document, such as a check, that authorizes its transfer or acceptance.

Dishonor

The refusal or inability to pay a debt when due, or the failure of a financial instrument, like a check, to be accepted or paid on presentation.

Refusal

The act of declining or rejecting an offer, request, or command.