Substantive tests of balances are performed to gather evidence on
A)income statement accounts
B)balance sheet accounts
C)depreciation expense
D)salaries expense

Question

Quizplus · Accepted Answer

Substantive tests of balances are performed to gather evidence on balance sheet accounts, such as cash, accounts receivable, inventory, property, plant and equipment, and accounts payable. Depreciation expense and salaries expense are income statement accounts and are typically tested through substantive analytical procedures.

Substantive Tests of Balances Are Performed to Gather Evidence on