A comparison of debits and credits in related control accounts is referred to as a
A)cross-footing balance test.
B)parity test.
C)zero-balance test.
D)size check.

Question

Quizplus · Accepted Answer

A zero-balance test compares the sum of debits and credits in related control accounts to ensure they equal zero. This is done to verify the accuracy of the accounting records and detect any errors or discrepancies. The other options, cross-footing balance test, parity test, and size check, refer to different types of tests and do not specifically relate to comparing debits and credits in control accounts.

A Comparison of Debits and Credits in Related Control Accounts