Which of the Following Is Not a Normal Edit Test

question 27

Multiple Choice

Which of the following is not a normal edit test as part of computerized control for checks?

• A)field checks.
• B)self-checking digits.
• C)cross-references.
• D)reasonableness tests.

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Definitions:

Shareholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities, representing the owners' claim on the company's assets.

Account Balances

The amount of money in a financial repository, such as a bank account, at any given time.

Retained Earnings

The portion of a company's profit that is held back and not distributed to shareholders as dividends, to be reinvested in the business or used to pay off debt.

Contractual Loan Restrictions

Clauses in a loan agreement that limit the borrower's actions in certain ways to reduce the lender's risk.