The primary emphasis in most tests of details of balances is on the:
A) cash flow statement account.
B) income statement accounts.
C) balance sheet accounts.
D) three statements above.

Question

Quizplus · Accepted Answer

Tests of details of balances focus primarily on balance sheet accounts, such as assets, liabilities, and equity. These tests aim to verify the accuracy of the balances reported in the financial statements and ensure that they are fairly presented. While cash flow statement and income statement accounts may also be tested, the primary focus is on the balance sheet accounts.

The Primary Emphasis in Most Tests of Details of Balances