Answered: Generally, test of details of…

Generally, test of details of transactions is used when account balances are affected by large volumes of relatively immaterial transactions.

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter10: Accounting For Sales And Cash Receipts

Section10.1: Accounting For Sales On Account

Problem 2AYU

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Generally, test of details of transactions is used when account balances are affected by large volumes of relatively immaterial transactions.

TRUE OR FALSE? WHY?

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