Which of the following assertions is tested by comparing information on the cash disbursements journal with the related voucher information?
A)Classification of cash disbursements
B)Cutoff of cash disbursements
C)Completeness of cash disbursements
D)Completeness, existence, and valuation of cash balances

Question

Quizplus · Accepted Answer

Comparing information on the cash disbursements journal with related voucher information primarily tests the classification of cash disbursements. This process ensures that each disbursement is recorded in the correct account and period, aiding in the accurate representation of financial statements.

Which of the Following Assertions Is Tested by Comparing Information