Selecting a sample of paid notes and tracing interest costs to the general ledger expense account is a test of the control objective of ________.
A)accounting
B)accuracy
C)completeness
D)validity

Question

Quizplus · Accepted Answer

Tracing interest costs to the general ledger expense account ensures that all interest payments have been recorded and included in the completeness of financial statements.

Selecting a Sample of Paid Notes and Tracing Interest Costs