Which of the Following Is a Substantive Test of Transactions

question 67

Multiple Choice

Which of the following is a substantive test of transactions?

• A)Review personnel policies.
• B)Account for a sequence of payroll cheques.
• C)Reconcile the disbursements in the payroll journal with the disbursements on the payroll bank statement.
• D)Examine printouts of transactions rejected by the computer as having invalid employee numbers.

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Definitions:

Industrial Fiber

A type of fiber used in manufacturing processes, typically characterized by high strength and durability suitable for industrial applications.

Finished Products

Goods that have completed the manufacturing process and are ready for sale.

Cane Juice

The liquid extract obtained from the crushing of sugarcane, used as a sweetener or beverage.

Molasses

A thick, dark syrup produced during the refining of sugar or from sorghum, used as a sweetener or in industrial alcohol production.