In most audits,the amounts of the balance sheet accounts related to payroll are
A)large and require substantial effort to audit.
B)small compared with the transactions.
C)large on the liability side but small on the asset side.
D)significantly larger than the related accounts on the income statement.

Question

Quizplus · Accepted Answer

In most audits, payroll-related balance sheet accounts are relatively small compared to the volume of payroll transactions, which are more significant in the income statement.

In Most Audits,the Amounts of the Balance Sheet Accounts Related