It is common to test sales for proper classification as part of testing for
A)cutoff.
B)accuracy.
C)valuation.
D)completeness.

Question

Quizplus · Accepted Answer

Testing sales for proper classification will ensure that the sales are accurately recorded in the appropriate accounts, which is related to the accuracy assertion in the financial statements. Therefore, the best choice is B. 
Cutoff testing is used to ensure that transactions are recorded in the proper accounting period. 
Valuation testing ensures that accounts are recorded at the appropriate value.
Completeness testing ensures that all transactions are recorded.

It Is Common to Test Sales for Proper Classification as Part