Which of the Following Substantive Tests of Payroll Transactions Does

question 11

Multiple Choice

Which of the following substantive tests of payroll transactions does not relate to the accuracy assertion?

• A)Testing the extensions of wage rates times the hours worked
• B)Reconciling the accrued payroll balance to the amount in the payroll ledger for the corresponding balance
• C)Testing the postings of totals in the payroll ledger to the general ledger
• D)Comparing the hours paid with the record of hours worked

---

Definitions:

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service versus the total amount they actually pay.

Marginal Utility

The additional satisfaction or utility that a consumer derives from consuming one more unit of a good or service.

Marginal Utility

It describes the additional satisfaction or utility that a consumer receives from consuming one more unit of a good or service.

Total Utility

The overall satisfaction or benefit received by consuming a product or service.