answersLogoWhite

0


Best Answer

Test of transaction is a test set up to dectect monetary error in accountings. On the other hand, Test of balance are again directed towards detecting monetary errors in the financial statement. The only difference is that testing is concentrated on the balance itself and not the individual transaction which comprise the balance. Through management's assertion, one can derive the objectives.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the difference between test of transactions and test of details?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the difference between diagnostic test and proficiency test?

what is the difference between proffiency and diagnostic test


What is the difference between proficiency test and diagnostic test?

what is the difference between proffiency and diagnostic test


What is the difference between a test and a demonstration?

The difference between a test and a demonstration is that a test is to be taken and answered and a demonstration is to be demonstrated and be told to the class


Can you tell the difference between Concetta and Vivian's in a drug test?

Can you tell the difference between Vyvanse and Concerta in a drug test


What is the difference between first flight and introduction in an aircraft?

There is lot of difference between test flight/air test/first flight.


What is the difference between bome marrow and FISH test in CML?

what is the difference between in bone marrow and FISH test in chronic myloid leukemias


Is there a statistical test to assess the difference between two ratios. I have numbers which are ratios and want to test whether there is a statistical difference between them?

You can use the z test for two proportions. The link below will do this test for you.


What is the difference between jackup and semisub rig?

<a href="http://test">test</a>


Difference between submaximal test and maximal test?

submaximal test is using ekg or other medical test


How do you use an F-test?

test similarity or difference inmeans between two or moregroups.


What is the difference between internal test and external test?

internal test - class test- pen and paper test. external test - exams - yearly.


What is t Test?

t-test is the statistical test used to find the difference of mean between two groups