The Existence Assertion Is Audited By

question 13

Multiple Choice

The existence assertion is audited by:

• A) tracing transactions from the payroll master file to the payroll register.
• B) tracing transactions from the payroll register to the source documents.
• C) tracing transactions from the bank statement to the general ledger.
• D) Answers A & B only.

---

Definitions:

General Form

A standard way of writing something, in mathematics, typically referring to the standard form of an equation.

Points

Refers to specific positions or locations in a geometric space, each defined by coordinates.

Line

An infinitely extending one-dimensional entity without any thickness, known as a line.

Straight Line Depreciation

A method of allocating the cost of an asset evenly across its useful life, resulting in a fixed amount of depreciation expense each period.