Auditing · Substantive Analytical Procedures
An auditor is using a 'proof in total' calculation to assess the reasonableness and accuracy of rental income. The property was rented out at $21,600 per annum, which was increased to $24,000 per annum 10 months into the 12-month financial year. Which of the following calculations represents the correct proof in total?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1($21,600 × 1012) + ($24,000 × 212)✓
- 2($21,600 × 212) + ($24,000 × 1012)
- 3$21,600 × 1212
- 4$24,000 × 1212
Correct answer
($21,600 × 1012) + ($24,000 × 212)
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