Question: A key difference between auditing balance sheet accounts and income statement accounts is that: (a) Balance sheet accounts always have larger totals. (b) Balance sheet
A key difference between auditing balance sheet accounts and income statement accounts is that:
(a) Balance sheet accounts always have larger totals.
(b) Balance sheet accounts are always more significant accounts.
(c) Income statement accounts reflect the entire 12 months of transactions.
(d) Income statement accounts rely on audit techniques such as confirmations.
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