Often,numerous classes of transactions affect the ending balance of a particular general ledger account.This is handled during the audit engagement by
A)ensuring that tests are conducted for each class of transactions.
B)obtaining a high level of assurance for at least one of the transaction types.
C)using a combination of assurance for each class of transactions and for the ending balance.
D)testing only the ending balance,as this is the significant amount on the financial statements.

Question

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The Answer of Often,numerous classes of transactions affect the ending balance of a particular general ledger account.This is handled during the audit engagement by
A)ensuring that tests are conducted for each class of transactions.
B)obtaining a high level of assurance for at least one of the transaction types.
C)using a combination of assurance for each class of transactions and for the ending balance.
D)testing only the ending balance,as this is the significant amount on the financial statements.

Often,numerous Classes of Transactions Affect the Ending Balance of a Particular