The Test of Details of Balance Procedure Which Requires the Auditor

question 119

Multiple Choice

The test of details of balance procedure which requires the auditor to perform tests of lower of cost or market, selling price, and obsolescence is an attempt to satisfy the objective of

• A) existence.
• B) completeness.
• C) accuracy.
• D) realizable value.

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Definitions:

Public

An access modifier in programming languages like Java, allowing members to be accessible from any other class.

Protected

A keyword in programming that restricts access to members of a class to the class itself, its subclasses, and classes in the same package.

Private

A modifier in programming that restricts access to members of a class (such as methods and variables) from outside its defining class.

Class Of An Object

The class of an object in programming refers to the blueprint from which the object is created, defining its properties and behaviors.