Which of the Following Tests Determine Whether Accounting Transactions Have

question 65

Multiple Choice

Which of the following tests determine whether accounting transactions have been properly authorised, correctly recorded and summarised in the journals, and correctly posted to subsidiary ledgers and the general ledgers?

• A) substantive tests of balances
• B) substantive tests of transactions
• C) tests of controls
• D) analytical procedures

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Definitions:

Transportation Routes

Paths or networks designed and used for the movement of vehicles and goods from one location to another.

Improvement Index

A quantitative measure or indicator that tracks the degree of improvement in performance, process, or outcome over time.

Minimization Problem

A type of optimization problem aimed at finding the lowest possible value of a function within a given set of constraints.

Reallocation

The process of redistributing or reassessing resources, assets, or positions within an organization, system, or portfolio to optimize performance or efficiency.