Tests of details of transactions primarily involve:
A) confirmation with outsiders.
B) tracing and vouching.
C) observation and inquiry.
D) income statement accounts.

Question

Quizplus · Accepted Answer

Tests of details of transactions involve tracing (following transactions forward through the process) and vouching (selecting an item for testing and then following it back to its origin) to verify the validity, accuracy, and completeness of transaction records.

Tests of Details of Transactions Primarily Involve