A substantive test of transactions for acquisitions that would be used to provide evidence regarding the occurrence assertion would be to
A) compare the classification with the chart of accounts by referring to vendors' invoices.
B) recompute the clerical accuracy on the vendors' invoices.
C) review the acquisitions journal for large or unusual amounts.
D) trace from a file of receiving reports to the acquisition journal.

Question

Quizplus · Accepted Answer

The Answer of A substantive test of transactions for acquisitions that would be used to provide evidence regarding the occurrence assertion would be to
A) compare the classification with the chart of accounts by referring to vendors' invoices.
B) recompute the clerical accuracy on the vendors' invoices.
C) review the acquisitions journal for large or unusual amounts.
D) trace from a file of receiving reports to the acquisition journal.

A Substantive Test of Transactions for Acquisitions That Would Be