Which of the following is not an example of a substantive test of cash payments transactions?
A)Test the mathematical accuracy of the cash receipts ledger
B)Test the account classifications of cash payments
C)Account for the numerical sequence of cheques issued during a specified period
D)Determine whether the signatures on paid cheques are authorised

Question

Quizplus · Accepted Answer

Testing the mathematical accuracy of the cash receipts ledger is not an example of a substantive test of cash payments transactions, as it is related to the cash receipts ledger rather than the cash payments ledger. The other options (B, C, and D) are examples of substantive tests of cash payments transactions.

Which of the Following Is Not an Example of a Substantive