Which of the Following Can Potentially Find a Transaction That

question 24

Multiple Choice

Which of the following can potentially find a transaction that is recorded twice?

• A) Fuzzy matching
• B) Test of duplicates
• C) Benford's law
• D) Sequence check

Describe the procedures for handling changes in depreciation methods and changes in estimates of asset service life.

Journalize and explain the impact of correcting errors in depreciation recording on net income and financial statements.

Understand the valuation principles and methods for property, plant, and equipment.

Distinguish between the various terms and classifications related to property, plant, and equipment.