Vouching of Transactions Deals with Which of the Following

question 12

Multiple Choice

Vouching of transactions deals with which of the following?

• A)Testing forward.
• B)Testing backward.
• C)Testing at a point in time.
• D)Directional testing either forward or backward.

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Definitions:

Absolute Value

In mathematics, the distance of a number on the number line from zero, without considering direction; it's always a positive value.

Slope

The slope is the measure of the steepness or incline of a line, typically described as the ratio of the rise over the run between two points on the line.

Isocost Line

A line that represents all combinations of inputs which have the same total cost.

Capital

Wealth in the form of money or other assets owned by a person or organization or available for purposes such as starting a company or investing.