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For Each of the Following Tests,identify the Assertion to Which

Question 42

Essay

For each of the following tests,identify the assertion to which the test applies.
1)Trace a sample of payroll checks to the master employee list to verify occurrence.
2)Recalculate the mathematical accuracy of a sample of payroll checks.
3)Test a sample of bank reconciliations for the payroll bank account.
4)Estimate sales commissions by applying commission formulas to recorded sales totals.
5)Compare amounts accrued to supporting documentation,such as payroll tax returns.
6)Compare payroll costs as a percentage of sales to industry data.

Correct Answer:

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1)Occurrence.
2)Accuracy.
3)Ri...

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