Accounting for the numerical sequence of cheques issued during a specific period is a
substantive test relating to the purchases process.

Question

Quizplus · Accepted Answer

Accounting for the numerical sequence of cheques issued during a specific period is considered a test of control, not a substantive test, as it aims to verify the completeness and accuracy of the transactions recorded, rather than directly testing the transactions' monetary amounts.

Accounting for the Numerical Sequence of Cheques Issued During a Specific