Tests Designed to Detect Payroll Payments Made After the End

question 43

Multiple Choice

Tests designed to detect payroll payments made after the end of the year that have been incurred in the current year provide assurance about management's assertion of:

• A)Inspection
• B)Accuracy
• C)Occurrence.
• D)Cut-off.

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Definitions:

Common Difference

The gap between consecutive numbers in an arithmetic progression.

Partial Sum

The sum of a specified sequence of terms up to a certain number in the sequence.

Negative Exponent

Indicates that the base of the exponent should be reciprocated and the exponent made positive.

Arithmetic Sequence

A series where each number following the initial one is derived by adding a fixed value to the term before it.