Which of the following is not an example of a substantive test of cash payments transactions?
A) Test the account classifications of cash payments
B) Account for the numerical sequence of cheques issued during a specified period
C) Test the mathematical accuracy of the cash receipts ledger
D) Determine whether the signatures on paid cheques are authorised

Question

Quizplus · Accepted Answer

Testing the mathematical accuracy of the cash receipts ledger is not an example of a substantive test of cash payments transactions because accuracy of receipts ledger is related to cash receipts, not payments.

Which of the Following Is Not an Example of a Substantive