The test of transactions, which requires 'compare paid cheques with the related acquisitions journal and cash payments journal', satisfies the transaction- related audit objective for cash payments of:
A) accuracy.
B) completeness.
C) posting and summarisation.
D) existence.

Question

Quizplus · Accepted Answer

This test ensures that the amounts recorded in the journals match the actual amounts paid, verifying the accuracy of the transactions.

The Test of Transactions, Which Requires 'Compare Paid Cheques with the Related