Which one of the following eliminates voluminous details from the auditor's working trial balance by classifying and summarising similar or related items?
A) account analyses
B) lead schedules
C) control accounts
D) supporting schedules

Question

Quizplus · Accepted Answer

Lead schedules are used to eliminate voluminous details from the auditor's working trial balance by classifying and summarizing similar or related items. Account analyses are used to analyze a specific account in detail, control accounts are used to summarize detailed information within a particular account, and supporting schedules provide documentation and support for the amounts in the financial statements.

Which One of the Following Eliminates Voluminous Details from the Auditor's