Which of the following describes a mathematical sum of data that is meaningless to the financial statements but useful for controlling the data and detecting possible missing items?
A)Hash total
B)Batch total
C)Validation check
D)Sequence verification total

Question

Quizplus · Accepted Answer

A hash total is a mathematical sum of data that is used for controlling the data and detecting any potential missing items. It is not directly related to the financial statements but is useful for ensuring the accuracy and completeness of the data. A batch total and sequence verification total are also types of controls used for data verification, but they are not described as being meaningless to financial statements. A validation check is a process used to ensure that data entered into a system is accurate and valid.

Which of the Following Describes a Mathematical Sum of Data