A substantive test of transactions commonly used to test the accuracy objective for acquisitions is 'compare paid cheques with the acquisitions journal and cash payments journal'.

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This is a commonly used substantive test of transactions to ensure that all acquisition payments have properly been recorded in the acquisitions journal and cash payments journal. By comparing paid cheques with these two journals, the auditor can identify any discrepancies or errors in recording acquisition transactions.

A Substantive Test of Transactions Commonly Used to Test the Accuracy