Which One of the Following Statements Is False

question 84

Multiple Choice

Which one of the following statements is False?

• A) Tests of controls are concerned with evaluating whether controls are sufficiently effective to justify reducing control risk and thereby reducing analytical review procedures.
• B) Analytical procedures emphasise the overall reasonableness of transactions and the general ledger balances.
• C) Substantive tests of transactions emphasise the verification of transactions recorded in the journals and then posted in the general ledger.
• D) Tests of details of balances emphasise the ending balances in the general ledger.

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Definitions:

Labor Political Parties

Political groups that represent the interests of workers and are often associated with advocating for labor rights, fair wages, and social justice.

Unparalleled Natural Increase

Unparalleled natural increase refers to a period or scenario where the growth rate of a population is exceptionally high due to a significant difference between birth rates and death rates.

Internal Improvements

Public works projects, such as roads and canals, intended to enhance the transportation network and economic development within a country.

Northern and Southern Railroads

Refers to the network of railroads that were developed in the Northern and Southern regions of the United States, having different infrastructure and impacts on their respective economies and ways of life.