Footing,cross-Footing,and Tests of Extensions Are Examples of Which Approach to Gathering

question 93

Multiple Choice

Footing,cross-footing,and tests of extensions are examples of which approach to gathering evidence?

• A)Reprocessing.
• B)Recalculation.
• C)Vouching.
• D)Examination of documentation.

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Definitions:

Compound Journal Entry

An accounting journal entry that involves more than two accounts, where there is at least one debit and two or more credits, or vice versa.

Debits

Financial transactions that increase assets or decrease liabilities or equity on a company's balance sheet.

Credits

Accounting entries that increase liabilities or decrease assets, representing the source of value in transactions.

Analyzed

Subjecting data, information, or a situation to detailed examination to understand it better or to derive insights.