Which One of the Following Accounts Would an Auditor Most

question 72

Multiple Choice

Which one of the following accounts would an auditor most likely test by performing analytical procedures?

• A)Sales commissions expense.
• B)Legal expenses.
• C)Repairs and maintenance expense.
• D)Travel expense.

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Definitions:

Consumer Demand

The desire for particular goods or services supported by the capacity to purchase them.

Price

The amount of money expected, required, or given in payment for something.

Variety

The quality or state of being different or diverse; the absence of uniformity or monotony.

Materials Productivity

A measure of how efficiently materials are utilized to produce goods and services.