In the table below, six situations involving direction of testing are represented. Consider the assertion being tested,
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Question:
In the table below, six situations involving direction of testing are represented. Consider the assertion being tested, the starting point, the information used to verify the information you start with, and whether the direction of testing is one of tracing or vouching.
NOTE: When answering this question, please write the letter that denotes the cell you are addressing and your answer next to it. For example, if you believe that the assertion in the first situation is accuracy, write:
1 – accuracy.
Assertion | Starting point | Verification | Tracing or Vouching |
1 | Purchases Journal | 2 | Vouching |
Completeness | Shipping Note | 3 | 4 |
5 | Payroll Journal | Timesheet | 6 |
7 | Asset Register | 8 | Vouching |
Occurrence | 9 | 10 | Vouching |
11 | Inventory item | Inventory Record | 12 |
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