Which of the following is not an example of a substantive test of cash payments transactions?
A) test the account classifications of cash payments
B) account for the numerical sequence of cheques issued during a specified period
C) test the mathematical accuracy of the cash receipts ledger
D) determine whether the signatures on paid cheques are authorized

Question

Quizplus · Accepted Answer

Substantive tests of cash payments transactions focus on verifying the validity and accuracy of cash disbursements. Testing the mathematical accuracy of the cash receipts ledger is related to cash receipts, not cash payments.

Which of the Following Is Not an Example of a Substantive