Which of the Following Objectives Is NOT Addressed by Tests

question 10

Multiple Choice

Which of the following objectives is NOT addressed by tests of control?

• A) timing
• B) accuracy
• C) realisable value
• D) completeness

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Definitions:

Taxes Payable

Liabilities owed to the government or other authorities, usually within one year, arising from taxable activities or transactions.

Fixed Asset Accounts

Financial accounts that track the purchase, depreciation, and disposal of long-term assets that have a physical form and are used in the operations of a business.