What Is the Purpose of Tests of Details of Balances

question 83

Multiple Choice

What is the purpose of tests of details of balances?

• A) Test for monetary errors in the financial statements.
• B) Identify the details of the internal control system.
• C) Prove that the trial balance is correct.
• D) Prove that the accounts with material balances are correctly classified.

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Definitions:

Interrupted Time Series Design

A design in which the effectiveness of a treatment is determined by examining a series of measurements made over an extended time period both before and after the treatment is introduced. The treatment is not introduced at a random point in time.

Control Series

A control series is a sequence of observations or measurements used in experiments or statistical analysis as a standard of comparison to detect changes or effects.

Way to Improve

Strategies or methods employed to enhance performance, quality, or efficiency in various contexts.

Use

The application or employment of something for a purpose or in a particular context.